According to PANews, the Hong Kong Securities and Futures Commission (SFC) may permit the creation and redemption of Bitcoin spot exchange-traded funds (ETFs) in the second quarter of this year. Bloomberg ETF analyst Rebecca Sin stated that although no spot ETFs have been approved yet, it seems to be only a matter of time. The analyst also noted that in addition to approving spot ETFs, the Hong Kong SFC will allow physical redemptions, which is a significant difference from the US Bitcoin spot ETFs that only permit cash redemptions.