Hong Kong asset managers , including units of China Asset Management and Harvest Global , may soon launch their spot bitcoin exchange-traded funds as early as later this month, OSL confirmed with The Block today.
Pan today told Foresight News, a Chinese-language crypto news outlet, that the spot bitcoin ETFs may become available for investors as early as late April. “They can access spot bitcoin on the SFC-licensed VATPs, or they can get access through futures-based bitcoin or ether ETFs which may raise efficiency concerns due to high rolling costs associated with futures contracts,” He continued. “Meanwhile, only professional investors in Hong Kong could have access to US-listed spot ETFs, so the introduction of spot products in Hong Kong really provides the investment opportunity to a wider audience.
Gary Tiu, executive director and head of regulatory affairs of OSL, told The Block on Monday that crypto ETFs have not been included in the eligible securities list of the Stock Connect program yet, “but I think the possibility or at least the potential for such inclusion is something that the market certainly likes.”What sets the upcoming Hong Kong spot crypto products apart from their U.S. counterparts is their in-kind feature, according to He.
Hong Kong Asset Managers China Asset Management Harvest Global Spot Bitcoin Etfs
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