{"id":28971,"date":"2024-04-10T12:12:52","date_gmt":"2024-04-10T12:12:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hong-kong-set-to-greenlight-spot-bitcoin-etfs\/"},"modified":"2024-04-10T12:12:52","modified_gmt":"2024-04-10T12:12:52","slug":"hong-kong-set-to-greenlight-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hong-kong-set-to-greenlight-spot-bitcoin-etfs\/","title":{"rendered":"Hong Kong Set to Greenlight Spot Bitcoin ETFs"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>There is a big development in the city\u2019s cryptocurrency market scene as reports indicate that the Securities and Futures Commission of Hong Kong is about to approve spot Bitcoin exchange-traded funds (ETFs).<\/p>\n<p>The first wave of spot Bitcoin ETFs in the area are expected to be approved by the Hong Kong Securities and Futures Commission by April 15, according to insider information reported by Tencent News. A change in the approval procedure appears to have occurred, since at least two of the applications did not meet the necessary requirements for crypto asset management. Originally, plans were to approve four ETFs.<\/p>\n<h2>Key Players in the Pipeline<\/h2>\n<p>Several Hong Kong-based entities and mainland China proxies have expressed interest in launching spot crypto ETFs. Notable applicants include China Southern Fund, <a href=\"https:\/\/igaming.org\/crypto\/harvest-hong-kong-initiates-first-spot-bitcoin-etf-application-in-hong-kong\/\">Harvest Fund<\/a>, Jiashi Fund, Huaxia Fund, and Southern Fund, all of which have submitted applications through their Hong Kong subsidiaries and await regulatory clearance.<\/p>\n<p>Upon approval from the Securities and Futures Commission, the Hong Kong Stock Exchange will undertake approximately two weeks to finalize preparations for product listing and associated procedures, signaling an imminent entry of spot Bitcoin ETFs into the market.<\/p>\n<p>\u00a0<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/hong-kong-set-to-greenlight-spot-bitcoin-etfs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) There is a big development in the city\u2019s cryptocurrency market scene as reports indicate that the Securities and Futures Commission of Hong Kong is about to approve spot Bitcoin exchange-traded funds (ETFs). The first wave of spot Bitcoin ETFs in the area are expected to be [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":28972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28971"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28971"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28972"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}