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<div class="cryptonews"><p class="is-style-lead">Hong Kong could launch its first spot ETFs as early as the middle of this year.</p><p>According to local media, Gary Tiu, chief executive and head of regulatory affairs at OSL, a Hong Kong-licensed <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange, said the government may soon launch exchange-traded funds.</p><p>OSL is in close contact with many fund companies, and between five and ten companies are currently exploring such an ETF. Tiu added that about five companies have made progress faster than others and have the potential to roll out the first spot crypto ETFs in Hong Kong by the middle of this year.</p><p>Tiu also acknowledged the need to ensure that fees, when the exchange collaborates with fund companies, are not prohibitively high, given that there are currently only two licensed <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchanges in the city, according to the media <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/report.html">report</a>.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> You might also like: </span> Hong Kong signals willingness to greenlight crypto spot ETFs </div><p>Hong Kong, which operates a separate legal system from China, has experienced a wave of protests in recent years emphasizing that distinction, attempting to forge a new pathway for crypto regulation against a notoriously censorious Chinese mainland government.</p><p>Amid the general direction, HashKey, another licensed <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange in Hong Kong, said earlier this month that it was in talks with asset managers exploring the possibility of launching potential spot <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency ETFs.</p><p>Another licensed <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange in Hong Kong, said earlier this month that it was in talks with asset managers exploring the possibility of launching potential spot <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency ETFs, plans to introduce Bitcoin spot ETFs already in the Q1 2024.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> Read more: </span> Hong Kong to allow retail investors to participate in spot ETFs </div><span class="google-news-banner__label">Follow Us on Google News</span></div><p>Source: <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/hong-kong-to-reportedly-debut-spot-crypto-etfs-by-mid-year-tbt77305.html">https://thebittimes.com/hong-kong-to-reportedly-debut-spot-crypto-etfs-by-mid-year-tbt77305.html</a></p>

Hong Kong to reportedly debut spot crypto ETFs by mid-year

TheBitTimes

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