๐๐ผ๐ป๐ด ๐๐ผ๐ป๐ด ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐๐ฒ๐ ๐ณ๐ถ๐ฟ๐๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ป๐ฑ ๐๐๐ต๐ฒ๐ฟ ๐๐ง๐๐
Hong Kongโs securities regulator reportedly approved the in-kind creation model for Bitcoin and Ether ETFs, as opposed to the cash-created in the United States.
Hong Kong has become the latest country to approve spot exchange-traded funds (ETF) for Bitcoin
tickers down
$66,086
and Ether
tickers down
$3,233
, with local regulators issuing approvals to at least three local issuers.
The Hong Kong Securities and Futures Commission (SFC) conditionally approved its first spot BTC and ETH ETFs on April 15, Reuters reported.
At least three offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management and China Asset Management (ChinaAMC), will launch their spot Bitcoin and Ether ETFs soon. OSL Digital Securities, a licensed digital asset platform in Hong Kong, will act as the sub-custodian for at least one issuer, ChinaAMC.
According to the report, Hong Kongโs Harvest and Bosera received conditional approvals from the SFC, allowing them to launch the ETFs.
On the other hand, the Hong Kong unit of China Asset Management, or ChinaAMC, said it received regulatory approval to provide virtual asset management services and was developing spot ETFs of BTC and ETH.
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