TechFlow reported, according to Bloomberg citing sources familiar with the matter, that Hong Kong may approve ETFs to directly invest in Bitcoin and Ethereum—the two major cryptocurrencies—as early as Monday.
The international subsidiary of Chinese asset management firm Harvest Fund Management Co., Ltd., along with a partnership between Boshi Asset Management (International) Limited and HashKey Capital, is expected to receive approval for these spot cryptocurrency ETFs.
Earlier on April 10, it was reported that the Hong Kong Securities and Futures Commission (SFC) will announce the list of spot Bitcoin ETFs on April 15, with the earliest listings expected before the end of April.
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