Hong Kong To List Bitcoin and Ether ETFs in April
- Hong Kong prepares for spot-Bitcoin and Ether ETFs amid competition with Singapore and Dubai
- US Bitcoin funds garner $56 billion assets, while Hong Kong’s issuers lack similar recognition
- Regulatory distinctions and in-kind redemption mechanisms differentiate Hong Kong’s ETF landscape from the US
Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub.
Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April.
These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial hub following recent challenges.
The forthcoming ETFs are expected to draw interest from various quarters including Chinese investors with wealth invested in Hong Kong as well as crypto exchanges and market participants active in the Asia-Pacific region. Analysts project t…
The post Hong Kong To List Bitcoin and Ether ETFs in April appeared first on Coin Edition.
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Hong Kong To List Bitcoin and Ether ETFs in April
- Hong Kong prepares for spot-Bitcoin and Ether ETFs amid competition with Singapore and Dubai
- US Bitcoin funds garner $56 billion assets, while Hong Kong’s issuers lack similar recognition
- Regulatory distinctions and in-kind redemption mechanisms differentiate Hong Kong’s ETF landscape from the US
Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub.
Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April.
These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial hub following recent challenges.
The forthcoming ETFs are expected to draw interest from various quarters including Chinese investors with wealth invested in Hong Kong as well as crypto exchanges and market participants active in the Asia-Pacific region. Analysts project t…
The post Hong Kong To List Bitcoin and Ether ETFs in April appeared first on Coin Edition.
Read More