Hong Kong’s securities regulator reportedly approved the in-kind creation model for Bitcoin and Ether ETFs, as opposed to the cash-created in the United States.
Hong Kong has become the latest country to approve spot exchange-traded funds (ETF) for Bitcoin (BTC) and Ether (ETH), with local regulators issuing approvals to at least three local issuers.
The Hong Kong Securities and Futures Commission (SFC) conditionally approved its first spot BTC and ETH ETFs on April 15, Reuters reported.
At least three offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management and China Asset Management, will launch their spot Bitcoin and Ether ETFs soon.
