“We can expect a healthy level of interest, especially with other Asian jurisdictions staying away from domestic spot bitcoin ETF issuance for now,” said Angela Ang, senior policy adviser at blockchain analytics firm TRM Labs.
Spot bitcoin ETFs in the US, which were approved in January, are also available worldwide, but many Asian investors may prefer to avoid the hurdle of opening a US investment account and paying the country’s capital gains tax, said Michael Wong, a partner at the law firm Dechert LLP in Hong Kong.
“It’s just more convenient for Hong Kong investors or probably Asian investors generally, who don’t want to open…
