Bloomberg: Hong Kong Bitcoin and Ether Spot ETF May Be Approved as Early as Next Monday

Bloomberg: Hong Kong Bitcoin and Ether Spot ETF May Be Approved as Early as Next Monday

Bloomberg: Hong Kong Bitcoin and Ether Spot ETF May Be Approved as Early as Next Monday

According to sources cited by Bloomberg, Hong Kong is likely to approve Bitcoin and Ethereum spot ETFs as early as next Monday. Applications submitted by issuers Harvest Global Investments, the international division of China Asset Management Corporation, and Bosera Asset Management’s Hong Kong subsidiary Bosera Fund (International) are expected to receive approval.

The sources also stated that both companies plan to launch these ETFs at the end of this month once they obtain approval from the Securities and Futures Commission (SFC) of Hong Kong and finalize the listing details with the Hong Kong Exchanges and Clearing. The sources added that the regulatory authorities could potentially approve as early as next Monday, but the timeline is not yet confirmed and there is still a possibility of last-minute changes.