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<p>Hong Kong is poised to become a major player in the crypto ETF market. We are, of course, referring to the imminent launch of Bitcoin and Ethereum ETFs. This move could strengthen the city’s position as a key hub for digital assets.</p>
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     <p lang="en" dir="ltr">NEW: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ed-1f1f0.png" alt="🇭🇰" class="wp-smiley" style="height: 1em; max-height: 1em;"> Hong Kong <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs to start trading by 30th April and could bring in $25 billion: Reports<br><br>Just a matter of time <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Y1Xo4JVrO7" rel="noopener noreferrer nofollow">pic.twitter.com/Y1Xo4JVrO7</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1780531984353107974?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
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  Hong Kong market prepares for crypto ETF launch
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<h2 id="h-april-15-hong-kong-authorizes-spot-crypto-etfs">April 15: Hong Kong Authorizes Spot Crypto ETFs</h2>
<p>The SFC of <a href="https://www.cointribune.com/en/its-official-hong-kong-greenlights-first-bitcoin-and-ethereum-etfs/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a> has recently approved several spot funds, signaling the city’s intention to assert itself in the cryptocurrency realm. The first spot crypto ETFs are expected to be <strong>launched by the end of April</strong>. This would allow investors to buy shares representing cryptographic assets such as Bitcoin and Ethereum.</p>
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<p>Hong Kong already allowed futures crypto ETFs, such as the CSOP Bitcoin Futures and the Samsung Bitcoin Futures. However, the launch of spot funds marks a significant turning point. It opens up prospects for greater capital. In this sense, some crypto expert analysts predict that these new funds could <a href="https://www.cointribune.com/en/the-bitcoin-and-ethereum-etfs-from-hong-kong-could-bring-in-25-billion/" target="_blank" rel="noopener noreferrer nofollow"><strong>attract up to $25 billion</strong></a> from mainland China.</p>
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<h2 id="h-crypto-etfs-in-hong-kong-promising-prospects">Crypto ETFs in Hong Kong: Promising Prospects</h2>
<p>The launch of spot crypto ETFs is expected to boost the cryptographic industry in Hong Kong. According to <a href="https://www.bloomberg.com/news/articles/2024-04-23/hong-kong-bitcoin-btc-ether-eth-etf-launches-to-test-crypto-hub-ambition" target="_blank" rel="noopener noreferrer nofollow">Rebecca Sin</a>, ETF analyst at Bloomberg Intelligence, these funds could reach <strong>up to $1 billion in assets under management by 2026</strong>.</p>
<p>Another fact: Chinese investors are increasingly interested in crypto ETFs. Therefore, the launch of these funds could <a href="https://www.cointribune.com/en/bitcoin-etf-approval-by-hong-kong-could-attract-billions/" target="_blank" rel="noopener noreferrer nofollow">stimulate the market</a>. Moreover, some fund management companies are already ready to offer spot crypto ETFs. This includes firms such as Boshi International, HashKey Capital, and China Asset Management.</p>
<p>With the launch of spot crypto ETFs, Hong Kong aims to become a hub for digital assets in Asia. But that’s not all! It also positions itself as a major financial center for crypto ETFs. It remains to be seen if these new digital assets will be able to entice local and global investors!</p>
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D-6 before the launch of Bitcoin and Ethereum ETFs in Hong Kong: How will the market react?

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