Hong Kong regulators could approve spot ETFs based on bitcoin and ether as early as Monday, according to Bloomberg, which cited people familiar with the matter.
As part of the approval, a subsidiary of Chinese asset manager Harvest Fund Management Company is expected to clinch approval to operate as an issuer of a bitcoin and an ether fund. In addition, a partnership between Bosera Asset Management Co. and HashKey Capital will likely receive approval to offer both types of spot ETFs.
The first batch of issuers will tentatively launch both types of spot ETFs at the end of April, according to Bloomberg. The anticipated approvals come after the Hong Kong Securities and Futures Commission signaled it would clear the path to increasing institutional investors’ access to digital asset-based investments. Earlier this month, the SFC gave Harvest and China Asset Management clearance to manage cryptocurrency-based funds, according to Bloomberg. Disclaimer: The Block is an independent media outlet that delivers news, research, and data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: BloombergAmitoj Singh is a CoinDesk reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »
Hong Kong Primed for Bitcoin ETFs, Expert Calls It Game-ChangerHong Kong about to allow Bitcoin ETFs, top Bloomberg expert reveals when and how
Source: Utoday_en - 🏆 295. / 63 Read more »
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: BloombergHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »
Hong Kong-Listed Bitcoin ETFs Could Unlock Upto $25B in Demand, Crypto Firm SaysOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Source: CoinDesk - 🏆 291. / 63 Read more »
Hong Kong Could See Spot Bitcoin ETFs Soon; Friend.Tech Money Metrics Surge'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Hong Kong regulators are expediting the process to approve the spot bitcoin ETF applications, according to a report from Reuters. Plus, Friend.Tech sees money flowing back to the social application ahead of its potential airdrop.
Source: CoinDesk - 🏆 291. / 63 Read more »
Hong Kong Likely to Approve Spot Bitcoin ETFs Next Week: ReutersAmitoj Singh is a CoinDesk reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »