Market Views: Will HK's bitcoin ETFs spark institutional interest?
Hong Kong has joined a handful of jurisdictions around the world to offer spot virtual assets ETFs. Will it attract demand from institutional investors, especially family offices?
Hong Kong's regulator, the Securities and Futures Commission (SFC), impressed financial markets on April 15 by handing initial approvals to mutual fund managers for spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs).
Several traditional mutual fund managers – all Chinese ones – announced they either gained conditional regulatory approvals for BTC and ETH ETFs, or for virtual asset management services, with products under development.
They include Harvest Global Inve…
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