Hong Kong financial regulators have officially announced that their Bitcoin and Ethereum ETF has been approved to begin trading on April 30. Indeed, the date will see the first six products digital asset investment launches, according to Bloomberg analysts.
The mainland Chinese city saw the Securities and Futures Commission (SFC) approve cryptocurrency-based ETFs earlier this month . The products will then be approved for trading in just 15 days. Their arrival is poised to bring greater convenience and security to Hong Kong crypto investors.
The Hong Kong Bitcoin ETF and Ethereum ETF will begin trading on April 30
In 2024, the United States made a landmark decision with the approval of 11 Bitcoin spot ETFs. The US Securities and Exchange Commission (SEC) has given the green light to investment products that have a major market impact. Hong Kong then followed suit, approving Bitcoin and Ethereum ETFs in mid-April.
Now, those investment products are ready to start trading. Indeed, Hong Kong financial regulators have officially approved spot Bitcoin and Ethereum ETFs to begin trading on April 30. Specifically, Bloomberg analysts reveal the ETF model in-kind creation for BTC and ETH will launch in just five days.
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