Posted 3/26/2024, 4:25:00 PM
Hong Kong Poised to Approve Bitcoin Spot ETFs in Q2, Unleashing New Wave of Chinese Crypto Investment
- Hong Kong regulator likely to approve in-kind creations and redemptions for spot bitcoin ETFs in Q2
- Would allow a massive new investor base from China into crypto market
- Firms like Harvest Global and Venture Smart have applied for spot bitcoin ETF listings
- In-kind redemptions preferred over cash for cost, tax, and liquidity reasons
- If approved, could channel significant new money from Chinese investors into bitcoin
