Hong Kong’s highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources.
NEW: 🇭🇰 Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Reports
Just a matter of time 🚀 pic.twitter.com/Y1Xo4JVrO7
— Bitcoin Magazine (@BitcoinMagazine) April 17, 2024
The Hong Kong Securities and Futures Commission (SFC) recently approved several fund managers to offer spot bitcoin ETFs. Following this, OSL, a crypto infrastructure provider for some approved fund managers, stated that the bitcoin ETFs are aiming to go live as early as late April.
Markus Thielen, founder of research firm 10x, also stated that the Bitcoin ETFs could start trading by April 30th. The launch timeline will depend on finalizing details with regulators.
Once listed, analysts predict the accessible funds could attract significant capital inflows. Singapore-based Matrixport expects mainland Chin
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