p:ok
s:ok
2024-04-29 19:28:16
Hong Kong Approves the First Batch of Spot Bitcoin ETFs, Issuer Says – Nexidiant

Hong Kong Approves the First Batch of Spot Bitcoin ETFs, Issuer Says

0

Hong Kong has reportedly approved its first spot bitcoin exchange-traded funds (ETFs), with multiple issuers announcing they received permission to launch Bitcoin ETFs.

China Asset Management, Bosera Capital and other applicants posted on social media that they got clearance to list spot Bitcoin ETFs in Hong Kong. However, the Securities and Futures Commission (SFC) has yet to release an official list of approved issuers.

According to the posts, the SFC greenlit China Asset Management to offer spot Bitcoin and Ether ETFs in partnership with OSL and BOCI International. Other approved issuers include Harvest Global Investments, HashKey Capital, and Bosera Asset Management.

The news mirrors the success of spot Bitcoin ETFs in the U.S., which launched in January and quickly attracted over $200 billion in trading volume. Hong Kong’s approval marks a milestone as Asia’s first jurisdiction to embrace spot Bitcoin ETFs.

The ETFs provide exposure to actual Bitcoin rather than derivatives, offering investors direct access to the assets. They also present a regulated investment vehicle that mitigates some of Bitcoin’s risks.

By approving the ETFs, Hong Kong cements its Bitcoin-friendly stance amid ongoing efforts to become a finance hub. The accessibly traded funds could stimulate significant retail and institutional demand.

However, an official SFC announcement remains pending. Some of the social media posts sharing the alleged approval have since been deleted. The opacity around permissions could contribute to market uncertainty in the near term.

Nonetheless, the reported approvals signal a willingness by Hong Kong’s regulators to meet surging investor appetite for Bitcoin. The ETFs’ launch will mark a major milestone for Bitcoin adoption and maturity in Asia.

Leave A Reply

Your email address will not be published.

sex open vidio indianvtube.com www poranhub indian forced sex video erobigtits.net indian office nude افلام سكس اغطصاب pornoarabsex.com طيازبنات telugu porn with audio kinkygonzo.mobi indian femdom fb فثثى سثء free-xxx-porno.net سكس أغتصاب
latest pagasa weather update pinoyteleseryehd.net where can i watch dirty linen افلام سكس يوم الدخله sexsida.org سكس تحرش جنسي indian sex video mp3 mojoporntube.com xxx kahne سكس امهات مصري yesexyporn.com سكس مترجم عربي جديد lund bur video groupsexporntrends.com bollywood fuck
www.mallusex porn-storage.com www hot bf video indian desi xvideos masturbationporntrends.com live sex video clips oriya sex girl liebelib.mobi bangali xxx.com school girl sex vedios negozioporno.com hotporntubes biyaheroes pinoyshowstv.com los bastardos full episode