ethereume etf Archives - Coin Engineer https://coinengineer.net/blog/tag/ethereume-etf/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 16 Apr 2024 11:40:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png ethereume etf Archives - Coin Engineer https://coinengineer.net/blog/tag/ethereume-etf/ 32 32 Chinese Firms on Hong Kong Prepares for ETF’s https://coinengineer.net/blog/chinese-firms-on-hong-kong-prepares-for-etfs/ https://coinengineer.net/blog/chinese-firms-on-hong-kong-prepares-for-etfs/#respond Tue, 16 Apr 2024 18:00:02 +0000 https://coinengineer.io/blog/?p=18090 Hong Kong is set to become a hub for spot Bitcoin exchange-traded funds (ETFs) as early as this month, according to OSL, a major player in the space. OSL, which acts as sub-custodian and infrastructure service provider for the two fund managers, expects the launch of spot bitcoin products to go smoothly if interactions with

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]]> Hong Kong is set to become a hub for spot Bitcoin exchange-traded funds (ETFs) as early as this month, according to OSL, a major player in the space. OSL, which acts as sub-custodian and infrastructure service provider for the two fund managers, expects the launch of spot bitcoin products to go smoothly if interactions with regulators go well.

China Asset Management (ChinaAMC) and Harvest Global, among other asset managers, are preparing to introduce spot Bitcoin ETFs in Hong Kong. Patrick Pan, president and CEO of OSL, stated that these products may be available to investors by the end of April, pending final approval.

The recent approval in principle by the Hong Kong Securities and Futures Commission (SFC) has paved the way for these developments. OSL sees this regulatory milestone as a positive step for the industry, bringing spot crypto ETFs closer to reality.

Katie He, head of product and strategy at ChinaAMC (HK), expects significant demand for upcoming spot crypto ETFs. While only professional investors in Hong Kong currently have access to U.S.-listed spot ETFs, introducing spot products in Hong Kong will expand access to a broader audience, She noted. Additionally, investors will have multiple options for exposure to cryptocurrency, including spot bitcoin on SFC-licensed virtual asset trading platforms (VATPs) and futures-based bitcoin or ether ETFs.

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