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04-15

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Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs

ChinaAMC, Harvest and Bosera among issuers given green lightBitcoin extended gains as crypto got lift from city’s decisionHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management Co. all announced initial approvals in separate statements on

Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs

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The city rolled out a regulatory regime for virtual-asset service providers in June 2023.</p><p style=\"text-align: start;\">The crypto market got a boost from the authorities’ decision to give a green light for spot funds. 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