Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.
The move appears to be another step in Hong Kong’s recently accelerated ambitions to become a virtual asset hub.