Hong Kong to Approve Bitcoin ETF, Opening Doors for Chinese Investors
Hong Kong is on the verge of approving a bitcoin ETF, potentially attracting significant investment from mainland Chinese investors.
BerniceHong Kong is on the verge of approving a bitcoin ETF, potentially attracting significant investment from mainland Chinese investors.
BerniceSince the U.S. Securities and Exchange Commission approved the listing of the first 11 spot Bitcoin ETFs on January 10, Hong Kong’s financial market has also made new progress in incorporating virtual assets.
JinseFinanceThe Hong Kong Securities Regulatory Commission hopes to speed up the approval of the first Hong Kong Bitcoin spot ETF. It plans to list the first Hong Kong spot Bitcoin ETF on the Hong Kong Stock Exchange after the Spring Festival.
JinseFinanceThe SFC mentioned in the circular that it was “ready to accept applications for virtual asset spot ETFs.” The head of securities product development of the Hong Kong Stock Exchange expressed his readiness to seize the opportunities brought by thematic investment and smoothly introduce new products to the Hong Kong ETF market.
JinseFinanceHong Kong's VSFG aims to launch a spot Bitcoin ETF in Q1 2024, reflecting a global trend. The move follows the US push for Bitcoin ETFs. VSFG, eyeing $500 million AUM, is in the regulatory application process. The industry anticipates further developments amid increasing interest in crypto-based ETFs.
Cheng YuanTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceIf we assume the “worst case scenario” and the SEC rejects a spot Bitcoin ETF, the financial giants who submitted the application likely have another option: Hong Kong.
JinseFinanceHong Kong, embracing a crypto-friendly stance, may pioneer in launching Bitcoin spot ETFs in Asia, influenced by the U.S. and backed by a robust regulatory framework.
AlexSamsung said that the listing of the ‘Samsung Bitcoin Futures Active ETF’ on the Hong Kong stock market would take place on January 13.
FinboldCoinbase joins Grayscale in claiming that the SEC is failing to give spot market Bitcoin ETFs fair consideration.
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