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🔔 LATEST: Hong Kong Set to Unveil Inaugural Spot Bitcoin ETFs by Mid-2024.

Hong Kong, a powerhouse in global finance, is poised to unveil its inaugural spot crypto exchange-traded funds (ETFs) by mid-2024, marking a momentous leap into the realm of Bitcoin and cryptocurrencies. Gary Tiu, OSL's executive director and head of regulatory affairs, revealed active discussions with multiple fund companies, with five to ten firms making significant strides toward the concept of spot crypto ETFs. The city's limited licensed crypto exchanges highlight the importance of reasonable fees in collaborations, while HashKey's recent talks with asset managers further indicate momentum for potential spot crypto ETF launches. Hong Kong's regulatory adjustments by authorities like the Securities and Futures Commission and the Hong Kong Monetary Authority underscore the city's growing embrace of Bitcoin and cryptocurrencies on the global financial stage. #HongKongCryptoETF #ETF #BTC

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