Hong Kong Securities and Futures Commission: If we refer to the experience of traditional ETFs, the approval process for Bitcoin spot ETFs may take several weeks to months

2024-01-19 16:53:34

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According to ChainCatcher news and Bloomberg, regarding whether there are plans to launch a spot Bitcoin ETF in Hong Kong, Samsung Asset Management stated that it does not rule out the possibility of exploring the launch of a spot ETF; Aegis Custody CEO Serra Wei mentioned that the company is in talks with four asset management firms about listing spot crypto products in Hong Kong.

Compared to the low management fees of many new U.S. spot Bitcoin ETFs, regulatory requirements in Hong Kong may lead issuers to charge higher fees. The Hong Kong Securities and Futures Commission stated that it would not comment further beyond the guidelines issued last December. If we refer to the past experiences of traditional ETFs, the approval process for such products may take several weeks to months.

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