Hong Kong's financial regulators are on the cusp of approving the first exchange-traded funds (ETFs) for Bitcoin and Ethereum, marking a significant milestone in the cryptocurrency sector of Asia. Bloomberg reports that the announcement could come by April 15, establishing Hong Kong as the pioneer in Asia's cryptocurrency ETF market.
The first approvals are likely to be granted to an international division of China's Harvest Fund Management Co. and a collaborative effort between Bosera Asset Management (International) Co. and HashKey Capital. These approvals are pending final verifications.
Pending final endorsement from the Securities and Futures Commission (SFC) and completion of listing agreements with Hong Kong Exchanges & Clearing Ltd, both asset management firms aim to launch their ETFs by the end of April. This follows
#Bitcoin, #BitcoinETF, #Blockchain, #BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #EthEtf, #Ethereum, #EthereumETF, #News, #Regulations, #SpotBitcoinETF
First found on: Crypto news from Coinatory
Comments
Post a Comment