Hong Kong to approve spot #Bitcoin ether ETFs as soon as Monday: Bloomberg $BTC
Hong Kong regulators could approve spot ETFs based on bitcoin and ether as early as Monday, according to Bloomberg, which cited people familiar with the matter.Â
As part of the approval, a subsidiary of Chinese asset manager Harvest Fund Management Company is expected to clinch approval to operate as an issuer of a bitcoin and an ether fund. In addition, a partnership between Bosera Asset Management (International) Co. and HashKey Capital will likely receive approval to offer both types of spot ETFs. As The Block reported earlier Friday, HashKey's chief executive, Livio Weng, said that a spot ether ETF approval would be forthcoming if the issue of on-chain staking can be resolved.Â
