Hong Kong Breaking News: A large amount of funds from the mainland will flow into ETFs
Original john316
2024-04-17 00:04 Hong Kong, China 37 people have heard
Trading will be simpler
According to TVB News, the Hong Kong Securities Regulatory Commission has approved at least three fund companies to cooperate with licensed exchanges to allow citizens to purchase spot Bitcoin and Ethereum with securities accounts.
Currently, investors who want to buy virtual currencies need to open an account at a virtual currency exchange. Several fund companies announced that they have been granted licenses by the Hong Kong Securities Regulatory Commission and have cooperated with two licensed exchanges on the market to launch virtual asset fund products, that is, citizens can directly use securities accounts to purchase spot Bitcoin and Ethereum without opening an account at the exchange. Some industry insiders believe that the new measures will help promote the development of virtual asset transactions and increase tax revenue.
OSL CEO Pan Zhiyong told Foresight News: "It is expected that by the end of April, investors can officially purchase Bitcoin spot ETFs from these three fund companies, just like buying ordinary stocks." People related to VDX and HashKey Exchange also confirmed this information. Unless there are more unexpected circumstances, investors will most likely be able to purchase Bitcoin spot ETFs in Hong Kong in April-May.
