Hong Kong SFC approves spot Bitcoin and Ethereum ETFs, becoming the first jurisdiction for spot Ethereum ETF.
Hong Kong's Securities and Futures Commission (SFC) has approved the trading of spot Bitcoin and Ethereum ETFs, making Hong Kong the first jurisdiction to issue a spot Ethereum ETF. This comes just three months after the US launched its first ETFs tracking spot Bitcoin. The move paves the way for Hong Kong to become Asia's first city to accept popular cryptocurrencies as mainstream investment tools.
April 15, 2024
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