Bitcoin ETFs this time in Hong Kong
The Hong Kong securities regulator has confirmed that the first Bitcoin ETFs will take place on April 15.
According to a report by Tencent News on Wednesday, financial analysts predict that the first Spot Bitcoin ETF in Hong Kong could potentially reach a market size of $20 billion.
However, this would still be smaller compared to similar products already available in the United States.
The Hong Kong Monetary Authority (HKMA) and the SFC have collaborated and expressed their willingness to consider the inclusion of these virtual asset products.
It should be noted that the approval of ETFs in Hong Kong with a short time interval from the approval of Bitcoin ETFs in the United States indicates the governments' interest in creating legal frameworks for the general public to use cryptocurrencies. Also, with the news of the approval of ETFs in Hong Kong,
we can expect the arrival of more capital and As a result of the further growth of the cryptocurrency industry.
sara ras
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Comments
pepex122
Its Very Good.
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Coin hunter
This is great news for the cryptocurrency community, because in Hong Kong we can expect a high acceptance of Bitcoin by Asian companies, and this means the entry of new and huge funds into the market.
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