Posted 12/22/2023, 11:35:00 AM
Hong Kong Regulators Signal Openness to Spot Crypto ETF Applications
- Hong Kong regulators say they are open to considering applications for spot crypto ETFs
- This marks a shift since 2018 when Hong Kong took a more cautious "professional investors only" approach to crypto
- Hong Kong has loosened its crypto regulations over 2022, allowing more investors to access spot crypto and ETFs
- The regulators welcome innovations like ETFs that could boost efficiency and customer experience
- Statement comes as speculation mounts that the U.S. SEC could approve a spot bitcoin ETF in early 2023