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According to WatchGuru’s post on X, on Tuesday, April 15th, Hong Kong granted approval for its inaugural spot Bitcoin and Ethereum exchange-traded fund (ETF).
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
— Watcher.Guru (@WatcherGuru) April 15, 2024
Following approval by the Hong Kong Securities and Futures Commission (SFC), the Hong Kong unit of Bosera Asset Management and China Asset Management confirmed plans to launch their respective ETFs.
This approval comes after the US became the first major market to launch spot Bitcoin ETFs on January 10th, which has already attracted significant investment of around $12 billion.
This is a developing story. Stay tuned for further updates.