Since the U.S. Securities and Exchange Commission approved the listing of the first 11 spot Bitcoin ETFs on January 10, Hong Kong’s financial market has also made new progress in incorporating virtual assets.
JinseFinanceThe Hong Kong Securities Regulatory Commission hopes to speed up the approval of the first Hong Kong Bitcoin spot ETF. It plans to list the first Hong Kong spot Bitcoin ETF on the Hong Kong Stock Exchange after the Spring Festival.
JinseFinanceHarvest International became the first institution to submit a Bitcoin spot ETF application to the Hong Kong Securities and Futures Commission.
JinseFinanceThe SFC mentioned in the circular that it was “ready to accept applications for virtual asset spot ETFs.” The head of securities product development of the Hong Kong Stock Exchange expressed his readiness to seize the opportunities brought by thematic investment and smoothly introduce new products to the Hong Kong ETF market.
JinseFinanceHong Kong urged to accelerate approval of Bitcoin Spot ETFs following the SEC's move. Legislative Council Member Johnny Ng sees this as an opportunity to establish Hong Kong as a global center for virtual assets. The readiness of the SFC, ongoing financial scams awareness, and financial services firms preparing applications contribute to the evolving landscape.
Huang BoHong Kong, ETF, USDT, Bitcoin ETF, OTC U exchange. I experience the gray area of Web3 in Hong Kong. Golden Finance, web3 is always happening in Hong Kong, and it is also happening around you and me.
JinseFinanceIf we assume the “worst case scenario” and the SEC rejects a spot Bitcoin ETF, the financial giants who submitted the application likely have another option: Hong Kong.
JinseFinanceHong Kong, embracing a crypto-friendly stance, may pioneer in launching Bitcoin spot ETFs in Asia, influenced by the U.S. and backed by a robust regulatory framework.
AlexOn December 22, the official website of the Hong Kong Securities and Futures Commission announced the "Circular on Funds Involving Virtual Assets Recognized by the SFC", replacing the "Circular on Virtual Asset Futures Exchange Traded Funds" issued on October 31, 2022.
JinseFinanceSamsung said that the listing of the ‘Samsung Bitcoin Futures Active ETF’ on the Hong Kong stock market would take place on January 13.
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