Hongkong godkänner Bitcoin och Ethereum ETF

HONGKONG/SHANGHAI, April 15 (Reuters) - Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia's first to accept the cryptocurrencies as a mainstream investment tool.

While cryptocurrency is banned in mainland China, Hong Kong has been promoting the city as a global digital asset hub, as part of a drive to boost its attraction as a financial centre.

Hong Kong has authorized its first exchange-traded funds tracking digital assets bitcoin and ether, according to statements from multiple issuers on Monday, boosting the wider market and making the city Asia’s first to offer the popular products after the U.S. launched the first spot bitcoin ETFs earlier this year.

APRIL 16, 2024

Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US

“As other jurisdictions observe Hong Kong’s approach, it will likely encourage similar regulatory frameworks worldwide”.

Over in Australia, additional spot bitcoin ETFs could soon be available as well.

Apr 17, 2024

• Mainland Chinese investors won't likely get the green light to buy the newly launched Hong Kong-listed spot bitcoin ETFs

The report isn't a huge surprise given that China has one of the globe's most restrictive stances on crypto after having banned the trading and mining of tokens in the country in 2021.

Apr 16, 2024

Hong Kong’s spot Bitcoin and Ethereum exchange-traded funds (ETFs) could begin trading by the end of the month.

“While no trading date has been set, expectations are for April 30,”

But according to Thielen, the level of success of Hong Kong ETFs heavily depends on whether Chinese mainland investors can purchase them.

18 april 2024

Bitcoin and Ether ETFs are coming to Hong Kong— these five Asian nations are on deck

Taiwan

South Korea

Japan

Thailand

Singapore