Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

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Hong Kong could approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds early as Monday, Bloomberg reported, citing two people familiar with the matter.

If listing details are worked out in time with Hong Kong Exchanges & Clearing, the products could be launched by the end of the month, the report said.

Harvest Global Investments, a major asset-management company in China, which was reportedly the first to apply for a spot bitcoin exchange-traded fund (ETF), and a product by Bosera Asset Management (International) Co. and HashKey Capital, could be the first to get approvals.

Hong Kong approval of the ETF products is seen as one of the biggest market-moving events for the cryptocurrencies and could establish Hong Kong as Asia's leading digital-asset hub.

This is a developing story...




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