Ethereum

Bitcoin ETF

Bitcoin

Shiba Inu

Spot

<ul>
 <li>The Securities and Futures Commission (SFC) has not yet given its regulatory permission.</li>
 <li>Public statements on the subject have been non-existent from either Harvest or the SFC.</li>
</ul>
<a href="https://thenewscrypto.com/hong-kongs-bold-step-with-bitcoin-etfs-how-btc-responds/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a> could approve Bitcoin and Ethereum ETFs as soon as next Monday, which would be a huge deal for the crypto community. Bloomberg broke the news, and the crypto world is ecstatic, particularly in light of the phenomenal performance of Spot Bitcoin ETFs in the US. Furthermore, the report highlights Hong Kong’s determination to further establish itself as a premier center for digital assets.
Bloomberg has reported that the Hong Kong government is considering approving Spot ETFs that invest directly in <a href="https://thenewscrypto.com/usdc-issuer-circle-announces-integration-with-ethereum-zksync/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> and Bitcoin, two of the most popular cryptocurrencies. Worldwide organizations such as Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and <a href="https://hashkey.capital/" target="_blank" rel="noopener noreferrer nofollow">HashKey Capital</a> are said to be in the running to establish spot-crypto ETFs, should the rumors pan out.
<h3 class="wp-block-heading" id="h-still-open-to-last-minute-adjustments">Still Open to Last Minute Adjustments</h3>
The Securities and Futures Commission (<a href="https://www.sfc.hk/en/" target="_blank" rel="noopener noreferrer nofollow">SFC</a>) has not yet given its regulatory permission, but these ETFs in Hong Kong are expected to be launched by the end of the month if listing formalities are finalized with the Hong Kong Exchanges &amp; Clearing Ltd.
Earlier reports had suggested that Harvest Fund Management Co. was close to obtaining the necessary approvals to launch a Spot Bitcoin ETF in Hong Kong, so this latest clearance comes as no surprise. Nonetheless, public statements on the subject have been non-existent from either Harvest or the SFC.
Furthermore, individuals informed of the situation have said that the schedule is still open to possible last-minute adjustments, despite the excitement surrounding the approvals. Furthermore, it was previously revealed that Hong Kong had intended to launch the Ethereum ETF ahead of the United States.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/shiba-inu-shib-poised-for-150-price-surge-heres-when/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Poised for 150% Price Surge: Here’s When</a>

Hong Kong Nearing Approval for Spot Ethereum ETFs Ahead of U.S

Spis treści

TheNewsCrypto

Inne artykuły opublikowane 12 kwi 2024

Secure Juicy Gains: These 4 Cryptocurrencies Are Poised To Blast Off To Riches

Dogecoin Set to Skyrocket Post-Runestone Airdrop, Shiba Inu and Raboo Presale Catch Investor Eyes

Bitcoin (BTC) Is 'Super Cheap' at Current Prices, Adam Back Claims

CoinWire: Bitcoin halving interest doubled since 2020

$MEDA Takes Over Meme Narrative as Dogwifhat and BONK Holders Cope With Retracing Prices

BlockDAG Presale Soars by 350% After DAGpaper Launch, Projected to Reach $10 by 2025 Amid ADA Ral...

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!