Summary
Hong Kong is looking to approve spot bitcoin and spot ether ETFs as early as next week. HashKey is expected to be among the issuers. The SFC has upgraded HashKey’s licensing conditions, allowing them to manage virtual asset investment products for retail investors. If approved, the ETFs could launch by the end of April. In the US, spot bitcoin ETFs have been approved, but spot ether ETFs are still pending approval.
Key Points
1. Hong Kong is reportedly looking to approve spot bitcoin and spot ether ETFs as soon as next week.
2. HashKey is expected to be among the issuers who receive the green light for managing virtual asset investment products in Hong Kong.
3. If approved by the SFC, the ETFs could launch by the end of April, following the approval of spot bitcoin ETFs in the US earlier this year.