Ethereum

2024

Bitcoin

Spot

<h4><strong>The approvals were granted to funds managed by China Asset Management, Harvest Global, Bosera, and HashKey. </strong></h4> 
<p>This development underscores Hong Kong’s commitment to establishing a more inclusive financial ecosystem with enhanced access to digital assets. Let’s explore more about Bitcoin and <a href="https://www.altcoinbuzz.io/?s=Ether+ETFs" target="_blank" rel="noopener">Ether ETFs</a>.</p> 
<h5><strong>Hong Kong Takes Major Step with Approval of Crypto ETFs</strong></h5> 
<p>Despite no set launch dates, approvals signal growing institutional crypto acceptance. China Asset Management announced that its Hong Kong unit received approval in principle from the Hong Kong SFC.</p> 
<p>This approval allows them to offer retail asset management services for spot crypto ETFs. This approval allows them to provide retail investors with new avenues for cryptocurrency investment, enhancing the diversification of investment portfolios.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to… <a href="https://t.co/R6VC9okbG7">pic.twitter.com/R6VC9okbG7</a></p> 
 <p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1779752184412008585?ref_src=twsrc%5Etfw">April 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Similarly, Harvest Global Investments has also <a href="https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ" target="_blank" rel="noopener">received</a> in-principle approval for two spot crypto ETFs. The company stated that these ETFs would be issued in collaboration with OSL, a digital asset platform known for its robust security and compliance measures.</p> 
<p>This collaboration aims to address and mitigate common concerns in the crypto trading space, such as excessively high margin requirements. These barriers can deter many potential investors from entering the market</p> 
<h5><strong>More About Bitcoin and Ether ETFs in Hong Kong</strong></h5> 
<p>Furthermore, the move aligns with Hong Kong’s broader strategy to assert itself as a leading financial technology and crypto-friendly destination. Amid global regulatory crackdowns, Hong Kong positions itself as a safe harbor for crypto businesses and investors. It leverages its robust <a href="https://www.altcoinbuzz.io/?s=regulation" target="_blank" rel="noopener">regulatory framework</a> and international financial market expertise.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">If Hong Kong does "approve for bitcoin and ether ETFs at the same time, that will certainly be a first around various different jurisdictions in the world," <a href="https://twitter.com/crypto_council?ref_src=twsrc%5Etfw">@crypto_council</a> chief APAC analyst <a href="https://twitter.com/CryptoSeanLee?ref_src=twsrc%5Etfw">@CryptoSeanLee</a> says.</p> 
 <p>Catch the full interview on "First Mover": <a href="https://t.co/dxRRSQ4eJt">https://t.co/dxRRSQ4eJt</a> <a href="https://t.co/sMSDrcaPLS">pic.twitter.com/sMSDrcaPLS</a></p> 
 <p>— CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1778867236838527141?ref_src=twsrc%5Etfw">April 12, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As Hong Kong embraces blockchain and cryptocurrencies, approving these spot ETFs is a critical advancement. It not only enhances the region’s attractiveness as a crypto hub but also sets a benchmark for other regulatory bodies in Asia and globally to follow.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/hong-kong-approves-landmark-spot-bitcoin-and-ether-etfs/">Hong Kong Approves Landmark Spot Bitcoin and Ether ETFs</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Hong Kong Approves Landmark Spot Bitcoin and Ether ETFs

Altcoin Buzz

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