Hong Kong is on the brink of a major achievement, positioning itself as the first city in Asia to offer spot bitcoin exchange-traded funds (ETFs). Sources familiar with the matter suggest that the city may announce the approval of these ETFs as early as this month, a significant acceleration from previous industry expectations of launches later in the year.
According to a Reuters report on Wednesday, regulators in Hong Kong have expedited the approval process, indicating the city’s determination to enhance its status as a global trade centre. Amid pandemic restrictions, China’s economic challenges, and…
