Hong Kong Set to Approve Key Bitcoin and Ether ETFs Soon
Hong Kong may soon approve major bitcoin and ether ETFs, reports suggest
According to Bloomberg, Hong Kong is poised to approve spot bitcoin and ether ETFs as early as next week.
HashKey is expected to be one of the first to be approved.
HashKey recently upgraded its license with Hong Kong’s Securities and Futures Commission (SFC), a critical move allowing it to manage digital asset products for retail investors, pending further approvals.
This month, HashKey partnered with Bosera International to drive sector innovation and growth.
This partnership will enable the launch of these innovative spot ETFs, offering new investment opportunities to retail investors.
HashKey has not commented on the Bloomberg report despite these developments.
Another candidate for approval is Harvest Fund Management's international arm.
Bloomberg notes that if greenlit by the SFC, their ETFs could launch by April's end.
Unlike the U.S. where the SEC approved bitcoin ETFs but not ether ETFs, Hong Kong's upcoming approvals could signal a major shift in crypto investment acceptance and bolster its role as a crypto finance leader.
