Hong Kong has approved spot BTC and ETH ETFs. This is sidestepping the US, whose ETH ETFs May approval still hangs in the balance.
Executive sees Hong Kong’s spot ETH ETFs as a better standing point for the former, compared to the U.S.At least three asset managers—Bosera, ChinaAMC , and Harvest Fund—have received initial approvals.
“Right now, the U.S. has not approved any spot products. So, the Hong Kong managers are certainly standing in a very good position when they launch the ETH products in Hong Kong for sure.”It is worth noting that the US spot ETH ETFs May approval odds have dimmed amidst the US SEC’s silence on the filings. But that’s not the only edge Hong Kong’s ETFs could have over the US.The ETF product from Bosera, in partnership with HashKey Capital, will have an “in-kind” subscription.
“The Hong Kong Bitcoin ETFs will feature in-kind creation and redemption. This is a move to one-up the U.S. ETFs. The race is on to accumulate BTC in Asia”
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