Hong Kong to launch spot crypto ETF trading by April-end

Hong Kong is gearing up to introduce spot crypto ETFs by the end of April, mirroring the U.S. trend, as the region aims to strengthen its positioning in the market. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) are on the horizon in Hong Kong, set to debut by the end of April, as the city intensifies its focus on cryptocurrencies. In addition to spot crypto ETFs, the city already permits futures crypto ETFs: CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures. However, the trio amassed quite a modest number of just about $175 million in assets under management so far. The move comes after more than a year of concerted efforts by Hong Kong to establish itself as a tightly regulated center.

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