VSFG and Value Partners File Spot Bitcoin ETF in Hong Kong

Bitcoin Spot ETF Interest in Hong Kong

Hong Kong regulators have signaled in November 2023 that they are considering whether to allow ETFs that invest directly in crypto assets, such as Bitcoin BTCUSD and Ether ETHUSD

Entering December 2023, the SFC and the Hong Kong Monetary Authority (HKMA) said that they were paving the way for the potential presence of this special administrative region crypto spot ETF in China by providing a number of criteria that must be met.

On January 10, Livio Weng, as Chief Operating Officer (COO) of crypto exchange HashKey which is licensed in Hong Kong, claimed that around 10 companies in Hong Kong had started exploring the potential of launching a spot crypto ETF.

On the other hand, Samsung Asset Management said that it would not eliminate the possibility of exploring the launch of a spot Bitcoin ETF.

Meanwhile, Rebecca Sin, ETF analyst at Bloomberg Intelligence, said that CSOP Asset Management could lead the competition for spot digital asset ETFs in Asia Pacific.

This statement is based on data that CSOP products account for the majority of funds managed in a number of digital asset futures ETFs in Hong Kong.

Currently, crypto-related ETFs that have listed in Hong Kong include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. #BTC🔥🔥🔥🔥 #Binance #Web3 #Ethereum #