The Hong Kong Securities and Futures Commission has reportedly approved three spot Bitcoin exchange-traded funds.
The new ETFs are reportedly from Harvest Global Investments, China Asset Management and a partnership between HashKey and Bosera Asset Management.
Following the initial approval, the Stock Exchange of Hong Kong will require approximately two weeks to finalize listing procedures and related arrangements.) ETFs in Hong Kong could catalyze Bitcoin’s post-halving rally, according to Herbert Sim, chief operating officer of crypto exchange Websea, The VARA official said that getting regulated is a “costly exercise” and that many people lack the resources. White explained a potential fix, where larger participants could “host” smaller ones.
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