Summary
Hong Kong’s SFC is expected to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, as reported by Bloomberg Intelligence.
Key Points
1. Hong Kong Securities and Futures Commission (SFC) is expected to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year.
2. This move could potentially open up new opportunities for investors looking to gain exposure to the cryptocurrency market through ETFs.
3. The decision by the SFC may have a significant impact on the growth and development of the cryptocurrency industry in Hong Kong.