Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

Hong Kong may approve spot bitcoin and ether ETFs as soon as Friday, with possible trading by the end of the month, Bloomberg reported, citing sources., a major asset-management company in China, which was reportedly the first to apply for a spot bitcoin exchange-traded fund , and a product byHong Kong's approval of the ETF products is seen as one of the biggest market-moving events for cryptocurrencies and could establish Hong Kong as Asia's leading digital asset hub.While the U.S.

approved spot-bitcoin ETFs in January, leading to a record price rally that has seen bitcoin hitting $73K, it hasn't yet approved ether ETFs.Harvest Global Investments, Bosera Asset Management, Hashkey and HKEX, didn't immediately respond to CoinDesk's requests for comment sent after business hours on Friday.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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