Bloomberg - Eric Balchunas: Hong Kong 🇭🇰 will allow an in-kind model for the Bitcoin Spot ETF in the second quarter, which could help stimulate capital attraction and trading volume.

Just like in the UK, Hong Kong will launch a Bitcoin ETF. The in-kind model means they allow intermediary companies to hold Bitcoin instead of the SEC only allowing issuers (like BlackRock) to hold Bitcoin in the US (cash only).