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<a href="https://bitcoinworld.co.in/hong-kong-approves-spot-bitcoin-and-ethereum-etfs-trading-to-start-on-april-30/" title="Hong Kong Approves Spot Bitcoin and Ethereum ETFs, Trading To Start on April 30" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region.</li>
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The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region.&nbsp;
The approved ETFs include ChinaAMC, Harvest, and Bosera HashKey Bitcoin and Ether ETFs, as <a href="https://apps.sfc.hk/productlistWeb/searchProduct/ETF.do?lang=EN" rel="noopener noreferrer nofollow">listed</a> on the SFC website.
Although conditional approval was granted earlier this month, the official stamp of approval sets the stage for trading to begin on April 30, as confirmed by ChinaAMC in a press release.&nbsp;
Thomas Zhu, ChinaAMC’s head of digital assets and head of family office business, highlighted the benefits of these spot Bitcoin and Ether ETFs, stating that they provide a regulated framework for retail and institutional investors to safely and conveniently invest in virtual assets.&nbsp;
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He also expressed expectations of robust demand for their offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.
ChinaAMC and Harvest Global Investments, whose ETFs were among those approved, have confirmed that they will be utilizing digital asset platform OSL as their “sub-custodian partner.”&nbsp;
OSL stated that the conditional approval signifies substantial completion of the regulatory vetting process and that they are working intensively to ensure a smooth launch.
While it remains uncertain whether investors from mainland China will be able to purchase these ETFs, the potential entry of up to $25 billion into the market is noteworthy.
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The post <a href="https://bitcoinworld.co.in/hong-kong-approves-spot-bitcoin-and-ethereum-etfs-trading-to-start-on-april-30/" rel="noopener noreferrer nofollow">Hong Kong Approves Spot Bitcoin and Ethereum ETFs, Trading To Start on April 30</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Hong Kong Approves Spot Bitcoin and Ethereum ETFs, Trading To Start on April 30

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