Spot ETF Rumors Strengthen in Hong Kong

Hong Kong is set to take a significant step forward in the cryptocurrency market with potential approvals for exchange-traded funds (ETFs) tied to major cryptocurrencies such as Bitcoin and Ethereum. According to relevant sources, these approvals will be received on Monday at the earliest.

Organizations awaiting approval include Harvest Fund Management Co. and Bosera Asset Management and HashKey Capital.

If the approvals materialize, Hong Kong will gain a significant advantage in the race for regional crypto asset leadership and become the next region after the United States to approve spot ETFs.