The first Hong Kong Bitcoin spot ETF is on the horizon.

Ritu13

Since the US Securities and Exchange Commission approved the listing of the first batch of 11 Bitcoin spot ETFs on January 10th, there have been new developments in the Hong Kong financial market regarding the inclusion of virtual assets.

It was recently reported that CSOP Asset Management's subsidiary, CSOP International, submitted an application for a Bitcoin spot ETF to the Hong Kong Securities and Futures Commission on January 26th, becoming the first institution in Hong Kong to do so. The Hong Kong Securities and Futures Commission is accelerating the review of the first Hong Kong Bitcoin spot ETF and plans to list it on the Hong Kong Stock Exchange after the Spring Festival.

Recently, a reporter from 21st Century Business Herald confirmed the authenticity of the fund's application status from relevant sources. If the fund is successfully issued, it may represent the advent of Asia's first Bitcoin spot ETF in Hong Kong.

In the rapidly evolving development ecosystem, according to Wind data, the price of Bitcoin (BTC) has increased by 191% over the past year, and the continuously growing asset size has increasingly emphasized the trading and management value of this asset. Several interviewees pointed out that the listing of Bitcoin spot ETFs marks a new stage in the entry of virtual assets into traditional financial markets, and also provides investors and financial institutions with more ways to participate in the digital asset market. At the same time, the market is still calling for regulatory agencies to continue strengthening regulatory guidance in the field of virtual assets.

Yamini003

This is definitely going to pass.

Indra55

Hong Kong needs to pick up the pace, don't imitate the United States.