Hong Kong Opens Door to Spot Crypto ETFs Ahead of Expected U.S. Approval
- Hong Kong regulators are prepared to accept applications for spot crypto ETFs
- Comes as the U.S. is likely to approve its first spot Bitcoin ETF in 2024
- Part of Hong Kong's gradual shift towards more crypto-friendly policies
- Follows rule changes in October to allow more spot crypto trading
- Shows Hong Kong's willingness to enable greater digital asset investment