Cryptocurrency Q&A
Did Hong Kong approve bitcoin & ETH ETFs?
Did Hong Kong approve bitcoin & ETH ETFs?
Nicola
Mon Jul 08 2024
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6 answers
1616
Could you please elaborate on the recent developments surrounding the approval of Bitcoin and Ethereum Exchange-Traded Funds (ETFs) in Hong Kong? Have the Hong Kong Securities and Futures Commission officially green-lighted these products, allowing investors to trade them on regulated platforms? If so, what are the key implications for the local cryptocurrency market and the overall financial landscape in Hong Kong? Additionally, how do these approvals compare to other jurisdictions around the world that have been more hesitant in embracing cryptocurrency-based investment products?
6 answers
Elena
Wed Jul 10 2024
The Securities and Futures Commission (SFC), Hong Kong's premier financial regulator, made a significant announcement on April 24th.
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Bianca
Wed Jul 10 2024
This announcement pertained to the official approval of the first batch of spot Bitcoin (BTC) and Ether (ETH) Exchange Traded Funds (ETFs).
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Valeria
Wed Jul 10 2024
The approval was disclosed in a press release that was shared with Cointelegraph, a leading publication in the cryptocurrency industry.
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KpopMelody
Wed Jul 10 2024
This milestone marks a significant step forward for the integration of cryptocurrencies into traditional financial markets in Hong Kong.
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CryptoAlchemy
Tue Jul 09 2024
The approval of spot BTC and ETH ETFs provides investors with a regulated way to gain exposure to these popular cryptocurrencies.
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