Hong Kong Boards the ETF Express
- bhoomisinghal0
- Apr 16, 2024
- 1 min read
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), according to local reports. ChinaAMC, Harvest Global and Bosera International are among the asset managers granted licenses to launch these spot market products by the Hong Kong’s Securities and Futures Commission (SFC), though more may follow. Notably, Hong Kong is positioning itself as one of the first regions to approve spot ether ETFs. The U.K. will soon allow crypto-traded notes to be traded on the London Stock Exchange starting in May, while Australia is expected to approve them in June this year.
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