Hong Kong is Accelerating Spot Bitcoin ETF Approvals
It has been reported that the Securities and Futures Commission of Hong Kong has fast-tracked the approval process for four spot Bitcoin exchange-traded funds (ETFs).
These ETFs are expected to receive approval by April 15. According to sources close to the Hong Kong regulator, the initial plan was to approve only four spot Bitcoin ETFs in the first batch.
Recent announcements suggest that Boshi Fund and Value Partners Financial are likely to join pending regulatory approval while Harvest International and China Asset Management have already made progress in leading this cryptocurrency investment advancement.
Once the Securities and Futures Commission of Hong Kong approves the initial set of spot Bitcoin ETFs, it will take approximately two weeks for the Hong Kong Stock Exchange to finalize listing procedures and related arrangements.
