Breaking News: "Hong Kong SFC accelerates approval process, positioning Hong Kong as Asia's #BitcoinETF领域的先驱。此举超出了行业对今年晚些时候推出的预期。” According to reports, #中国香港将于下周批准BitcoinETF现货准备好了吗？
Hong Kong's Securities and Futures Commission (SFC) has accelerated its approval process, positioning Hong Kong as a pioneer in the field of Bitcoin ETFs in Asia. The move exceeds industry expectations for a launch later this year.
Several Chinese financial institutions, including Harvest Fund and Southern Fund's Hong Kong subsidiary, have recently applied for Bitcoin ETFs. Spot Bitcoin ETFs provide exposure to actual Bitcoin rather than derivatives.
According to sources, the SFC will announce the first batch of approved spot Bitcoin ETFs on April 15, and after approval, they can apply for listing on the Hong Kong Stock Exchange, which is expected to take 10 days.
The accelerated timetable shows Hong Kong's proactive approach to enhancing its attractiveness as a global financial center. It also builds on the city's Bitcoin-friendly stance, including last year's granting of a retail trading license to cryptocurrency exchange Hashkey.
Previously, spot Bitcoin ETFs have been a huge success in the United States after being approved in January this year, attracting more than $12 billion in inflows. As the first approved spot Bitcoin ETF Asian jurisdiction, Hong Kong is paving the way for potential launches in other markets.
Demand for available Bitcoin investment products from both institutional and retail investors is growing rapidly. By leveraging its regulatory framework to meet this demand, Hong Kong has solidified its position as Asia's emerging Bitcoin hub.
ACH Twitter X Official Release Ready for Asia's first#Bitcoinspot ETF milestone? Excited about any progress that drives cryptocurrency towards mainstream adoption. #AlchemyPay是为了架起法定货币和加密货币的桥梁，承诺坚定不移地支持这一不可逆转的趋势！ $ACH
#中国政府+CFX $CFX (Conflux)The Chinese government recently launched a new public blockchain infrastructure platform.
China's Shanghai Municipal Party Secretary met with Standard Chartered Bank, Standard Chartered Group Chairman of the Board of Directors, Vaughan, CEO, and some members of the Group's Board of Directors.
