The Securities and Futures Commission, Hong Kong's markets regulator, has not made an official announcement.
has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds .
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission , which has not posted a list of approved issuers. Some of the posts have since been deleted.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote."We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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