Hong Kong regulator fast-tracks Bitcoin spot ETF approvals

After the approval of the Securities Regulatory Commission of Hong Kong, the Hong Kong Stock Exchange needs two weeks to finalize Bitcoin ETF listings.

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The Securities Regulatory Commission of Hong Kong (SFC) has reportedly expedited the approval process for four spot Bitcoin (BTC) exchange-traded funds (ETFs). 

According to local news outlet Tencent News, the first batch of spot Bitcoin ETFs is set to be approved in the region by April 15.

The report cites multiple sources close to the Hong Kong Securities and Futures Commission, stating that the Hong Kong regulator initially planned to approve only four spot Bitcoin ETFs in the first batch.

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