Several Hong Kong bitcoin exchange-traded fund (ETF) applicants, including China Asset Management, Bosera Capital and others, posted on social media platform WeChat (Weixin) that they had been approved to list bitcoin and ethereum spot ETFs
However, these announcements appear to have anticipated an official statement from the Securities and Futures Commission (SFC), which has not published a list of approved issuers.
Some of the posts have since been deleted.
Singapore-based analytics firm 10x Research said in a note that there is a 100% chance that Hong Kong will not be the last jurisdiction to approve bitcoin ETFs, with more likely to follow.
“This will be an additional driver of Bitcoin demand from several countries that could approve spot ETFs, namely Australia, Japan, Korea and the United Kingdom,” the company said.
