Hong Kong Poised to Approve Asia's First Spot Bitcoin and Ethereum ETFs, Attracting Institutions but Barring Mainland China

Financial giants in Hong Kong leaked news they were approved to list spot bitcoin and ethereum ETFs, though no official announcement yet

If approved, the ETFs could attract significant institutional investment and capital inflows into crypto markets across Asia

Analysts predict competition between Hong Kong and U.S. to attract crypto inflows into their respective bitcoin ETF funds

Mainland China investors may be banned from Hong Kong's spot bitcoin ETFs

U.S. spot bitcoin ETFs launched this year have already attracted over $50 billion in assets under management