Bitcoin, Ethereum ETFs in Hong Kong? It may be a reality soon

have been a key factor in the recent positive turn of events for crypto. Initially, the focus was only on the progress of the ETF regulation in the US. However, the interest in ETFs is now being observed in other parts of the world as well.Recently, Hong Kong has been pondering the allowance of ETFs that directly invest in crypto.

Currently, both Hong Kong and the US allow futures-based crypto ETFs, but they have not seen significant adoption compared to the overall size of the fund industry. Hong Kong’s new virtual asset regulations seek to lure companies while prioritizing investor protection. It highlights the need for robust regulation.

Hong Kong’s central bank is considering guiding banks on digital asset custodial services, which is crucial for digital asset development. Experts estimated that by 2030, the market for these securities and funds could reach $5 trillion.Several players worldwide are competing to establish digital asset hubs. The potential approval of crypto ETFs in Hong Kong can boost sentiment in the crypto sector.

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