In a significant development for the Bitcoin (BTC) market, Hong Kong is poised to witness the commencement of trading for several spot Bitcoin ETFs on April 30th.
This milestone follows the successful approval and subsequent trading of Bitcoin ETFs in the United States earlier this year under the regulatory purview of the Securities and Exchange Commission (SEC).
With institutional adoption on the rise and Bitcoin reaching its all-time high of $73,700 in March, the forthcoming launch of these ETFs in Hong Kong holds great promise for the cryptocurrency market.
Fee Battle Looms
The Hong Kong Securities and Futures Commission (SFC) made a noteworthy announcement on April 15th, approving multiple Spot Bitcoin and Ethereum ETFs for trading. This regulatory approval has paved the way for the trading of Bitcoin ETFs in Hong Kong.
Industry experts Eric Balchunas and James Seyffart from Bloomberg anticipate an ensuing fee war as the ETF issuers strive to attract the larges
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