Reuters cited two informed sources as revealing that Hong Kong may launch spot Bitcoin exchange-traded funds (ETFs) this month, and the first batch of products may be announced next week. This schedule will make Hong Kong the first city in Asia to launch such popular ETFs.
One of the informed sources said that the regulatory agency has accelerated the approval process.
Two sources said that at least four Chinese and Hong Kong asset management companies have submitted applications to launch ETFs. The Hong Kong departments of China Asset Management Co., Ltd., Jia Shi Fund Management Co., Ltd., and Bo Shi Fund Management Co., Ltd. are among the applicants.
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