Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds , asset managers said.
ChinaAMC, Harvest Global and Bosera International are among those that have been given the green light to issue ETFs. Crypto trading is effectively banned in mainland China after a massive crackdown on the sector in 2021, however, Hong Kong has slowly been trying to make itself a regulated crypto hub.Three ETF providers have been approved by Hong Kong's Securities and Futures Commission .ChinaAMC said that it had received regulatory approval for the provision of"virtual asset management services" and it is"actively deploying resources in the development" of a spot bitcoin and ether ETF.
Hong Kong would be one of the first places in the world to approve an ether ETF. The U.S. Securities and Exchange Commission has not yet approved such a product and asset managers
Source: Digital Coin News (digitalcoinnews.net)
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong to approve spot bitcoin, ether ETFs as soon as Monday: BloombergHong Kong regulators are expected to greenlight spot ETFs for both bitcoin and ether as early as Monday, Bloomberg reported.
Source: TheBlock__ - 🏆 464. / 53 Read more »
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 Grants Preliminary Approval for Spot Ether ETFs, Giving Region Competitive EdgeHong Kong's preliminary approval of spot ether exchange-traded funds could give the region a competitive edge over the U.S. in the retail spot ETF market, according to an OSL executive. The approval allows Hong Kong managers to launch ETH products in the region, while the U.S. has not approved any spot ETH products yet.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bitcoin And Ether Climb As Firms Approve Crypto ETFs In Hong KongI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Source: Forbes - 🏆 394. / 53 Read more »