Spot Bitcoin ETFs Are Live In Hong Kong, But Don't Be Overconfident: Analyst
Bitcoinist.com - 2024-04-16T02:00:09.000Z

On April 15, Hong Kong took a significant step towards becoming a crypto hub after approving the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, an ETF analyst, Eric Balchunas, is pouring cold water on the excitement palpable across the crypto scene. Spot Bitcoin ETF Is Live In Hong Kong Taking to X, Balchunas […]

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Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year. Regulators have sped up the approval process, according to one of the people. Having lost much of its shine as a global financial hub due to restrictions during the...
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Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday – Finance Bitcoin News

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