Hong Kong gives initial approval to first bitcoin, ether spot ETFs
On April 15 Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia's first to accept the cryptocurrencies as a mainstream investment tool.
At least three offshore Chinese asset managers will launch the virtual asset spot ETFs soon.The Hong Kong units of Harvest Fund Management and Bosera Asset Management said in separate statements they had received conditional approvals from the Hong Kong Securities and Futures Commission (SFC) to launch the ETFs.
Meanwhile, the Hong Kong unit of China Asset Management - ChinaAMC (HK), said it had received regulatory approval on Monday to provide virtual asset management services, and the firm was developing spot ETFs of bitcoin and ether.
This pushes bitcoin price slightly up for awhile before dropping back to its $62k - 63 range
At least three offshore Chinese asset managers will launch the virtual asset spot ETFs soon.The Hong Kong units of Harvest Fund Management and Bosera Asset Management said in separate statements they had received conditional approvals from the Hong Kong Securities and Futures Commission (SFC) to launch the ETFs.
Meanwhile, the Hong Kong unit of China Asset Management - ChinaAMC (HK), said it had received regulatory approval on Monday to provide virtual asset management services, and the firm was developing spot ETFs of bitcoin and ether.
This pushes bitcoin price slightly up for awhile before dropping back to its $62k - 63 range
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $VanEck Bitcoin Trust(HODL.US$ $Valkyrie Bitcoin Fund(BRRR.US$ $ARK 21Shares Bitcoin ETF(ARKB.US$ $Bitwise Bitcoin ETF(BITB.US$ $Fidelity Wise Origin Bitcoin Fund(FBTC.US$ $iShares Bitcoin Trust(IBIT.US$ $Grayscale Bitcoin Trust(GBTC.US$ $Valkyrie Bitcoin Fund(BRRR.US$ $Coinbase(COIN.US$ $MicroStrategy(MSTR.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Posting Weekly in 2024: (sorry if delayed post)-busy!
- Investing/ Finance /Economics
Road to Hedge Fund!!! Trend📈
857Followers
34Following
2395Visitors
Follow
mr_cashcow : I also heard
users in HK can directly buy bitcoins on 
EZ_money : cool more fools
betfury : Buying every dip, still on cycle track. Rocket will takes off July 2024 and reach moon by Aug or Sep 2025
$Bitcoin (BTC.CC)$ don’t miss your flight! Not a financial advise 
