After the US approval of spot Bitcoin ETFs, asset management companies in Hong Kong are also reportedly looking to follow suit.
Shortly after the US Securities and Exchange Commission’s landmark approval of 11 spot spot Bitcoin ETFs, Hong Kong could follow suit.
According to a report by Chinese media outlet «Caixin» citing Livio Weng, chief operating officer of locally licensed crypto exchange HashKey, 10 funds are preparing to launch their own spot crypto ETFs. adding that seven or eight of them are already in advanced stages.
In December, Hong Kong’s regulators said they were prepared to accept applications for spot crypto ETFs. This follows the launch of the city’s new virtual asset licensing regime in June.
