Hong Kong May Approve BTC ETF earlier than expected
According to a recent Bloomberg report, Hong Kong is poised to approve spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) as early as Monday, citing two sources familiar with the matter. This move is expected to have significant implications for the cryptocurrency market, as it opens new avenues for billion-dollar investors and positions Hong Kong as a leading digital asset hub in Asia. As one of the most anticipated market-moving events in the near term, the potential approval of these ETF products signals growing mainstream acceptance and institutional interest in cryptocurrencies.
