TechFlow reported, according to Bloomberg, that the Hong Kong Securities and Futures Commission stated it will not make any further comments beyond the guidance issued in December. Judging from the history of traditional ETFs, the approval process for such products could take several weeks to months.
Samsung Asset Management said it does not rule out exploring the possibility of launching spot ETFs.
CSOP Asset Management did not respond to requests for comment.
Serra Wei, CEO of digital asset custodian Aegis Custody, said the firm is in talks with four asset managers regarding listing spot crypto products in Hong Kong. Compared to the low management fees of many new U.S. spot Bitcoin ETFs, regulatory requirements in Hong Kong may lead issuers to charge higher fees.
