Hong Kong approve spot Bitcoin & Ethereum ETF #bitcoin #btc #etf #ethereum #eth

Hong Kong's Securities and Futures Commission (SFC) has conditionally approved its first spot Bitcoin and Ether ETFs, paving the way for at least three local issuers to launch their ETFs. Offshore Chinese asset managers, including Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC), are gearing up to introduce their ETFs soon. Bosera will collaborate with HashKey Capital for its crypto ETFs, while OSL Digital Securities will act as the sub-custodian for ChinaAMC and Harvest. This approval allows for in-kind ETFs, enabling the creation of new ETF shares using Bitcoin and Ether, aiming to boost liquidity and market stability in Hong Kong's digital asset market. - - - - - - - - - - - - - - - - - - - - - - - - - - - - Imperial Wealth is changing the way that investors approach markets. We strongly believe in educating our clients before they invest in any market. We provide a range of free education and mentorship to clients before they invest in