Hong Kong has approved Bitcoin and Ethereum ETFs, positioning itself as a crypto finance leader and diverging from China’s strict regulations. The ETFs aim to simplify crypto investing and attract significant investments to Hong Kong, with pending technicalities before their official launch. This move has sparked optimism for potential inclusion of mainland Chinese investors in the future.
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Spot Bitcoin and Ethereum ETF Launch Prospects in Hong Kong
OSL Group executive Gary Tiu discussed the upcoming launch of spot Bitcoin ETFs in Hong Kong and the potential for spot Ethereum ETFs in the future during an interview with Bloomberg’s ‘The China Show’. Tiu predicts the launch of spot Bitcoin ETFs in the next few months and highlighted OSL Group’s readiness for the ETF launch, emphasizing the importance of a competitive landscape with incentivized market makers. Additionally, he mentioned the potential edge of Hong Kong’s operating model in terms of lowering execution costs compared to the US ETFs.
read moreHong Kong Government Plans Licensing Bills for Crypto Regulation
The Hong Kong government plans to introduce licensing bills for stablecoin and over-the-counter (OTC) crypto trading to regulate the industry and protect investors. The bills are based on the outcomes of public consultations and aim to address the increasing number of crypto-related criminal cases. Additionally, there is a proposal to allow the issuance of Chinese yuan-linked stablecoins, and experts anticipate the approval of spot crypto exchange-traded funds (ETFs) by the middle of this year.
read moreHong Kong Set to Launch Crypto ETFs, Boosting Asian Market Potential
Hong Kong is set to introduce its first crypto exchange-traded funds (ETFs) by mid-2024, with several fund companies conducting research and preparations. The move is supported by a welcoming regulatory environment and the potential demand from institutional investors across Asia.
read moreHong Kong Set to Launch First Spot Crypto ETFs in 2024
Hong Kong is set to introduce its first spot crypto exchange-traded funds (ETFs) by mid-2024, with several fund companies in advanced stages of preparation. The move follows the success of spot Bitcoin ETFs in the US and is supported by a welcoming regulatory environment. However, concerns remain about market demand, although there are ongoing negotiations with institutional investors across Asia to boost interest in these innovative financial products.
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