Hong Kong to reportedly approve first Bitcoin, Ethereum #ETF's

According to #Bloomberg insights, the approval could be announced as early as April 15. If ETFs are approved, Hong Kong will become the first country in Asia to provide functioning #Bitcoin and #Ethereum ETFs. 

An international division of Harvest Fund Management Co. from China and a joint venture between Bosera Asset Management (International) Co. and HashKey Capital are expected to be among the first recipients of approval for the spot #crypto ETFs. The approvals are currently pending final checks.

Both asset management firms are prepared to introduce their ETFs by the end of this month, contingent on final approvals from the Securities and Futures Commission (SFC) and concluding listing arrangements with Hong Kong Exchanges & Clearing Ltd.