Spot Bitcoin ETF Era Begins in Hong Kong with SFC Application

Key Takeaways

• Harvest Hong Kong has submitted the archetypal spot Bitcoin ETF exertion to the Hong Kong SFC, pursuing the US SEC's support of a akin fund.
• The SFC is accelerating the support process, with respective different fiscal institutions besides showing involvement successful launching spot BTC ETFs successful 2024.
• Hong Kong's regulatory situation is progressively crypto-friendly, positioning it arsenic a starring cryptocurrency halfway successful Asia.