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Hong Kong is on the verge of a groundbreaking move in the cryptocurrency space with the potential approval of exchange-traded funds (ETFs) directly linked to Bitcoin and Ethereum. Sources familiar with the matter suggest that this approval could happen as early as Monday. Among those awaiting the green light are international organizations such as Harvest Fund Management Co. and a partnership between Bosera Asset Management and HashKey Capital.
Hong Kong May Jointly Approve Bitcoin and Ethereum ETFs
Hong Kong is in fierce competition to position itself as the leading crypto asset hub in the region. If approved, these ETFs could significantly strengthen its position in this race.
In the rapidly evolving environment of cryptocurrency investment, the launch of spot crypto ETFs could be a significant milestone. Both Harvest and Bosera plan to launch these ETFs by the end of the month after receiving regulatory permission from the Securities and Futures Commission (SFC). However, finalizing quotation details with Hong Kong Exchanges & Clearing Ltd. remains an important step in this process.
Although the likelihood of approval is high, it is important to remember that timelines are subject to last-minute adjustments. Therefore, the exact date of confirmation remains uncertain until official announcements are made.
Despite the anticipation surrounding this development, spokespeople for the SFC and Harvest have refrained from making official comments. Similarly, there was no immediate response from HKEX, HashKey, or Bosera regarding these speculations.
