TechFlow reported that Hong Kong Legislative Council member Ng Kit-ching said on Twitter that, according to media reports, Hong Kong may approve spot Bitcoin exchange-traded funds (ETFs) for listing by the end of this month. He welcomed the move, stating it is significant for Hong Kong's goal of becoming an international virtual asset hub.
He also urged regulators to swiftly approve spot Ethereum ETFs, noting that Hong Kong already has Ethereum futures ETFs, and simultaneous approval would have a major impact on the virtual asset ETF sector.
Previous report: Harvest and China Asset Management have received crypto-related asset management licenses in Hong Kong, with spot Bitcoin ETFs expected to launch by the end of April at the earliest.
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