Hong Kong SFC may allow the physical creation and redemption of Bitcoin spot ETFs in the second quarter of this year
2024-03-26 18:20:46
The Hong Kong Securities and Futures Commission (SFC) may allow the physical creation and redemption of Bitcoin spot ETFs in the second quarter of this year. Bloomberg ETF analyst Rebecca Sin said that although no spot ETF has been approved yet, it seems to be just a matter of time. Analysts also stated that in addition to approving spot ETFs, the Hong Kong Securities and Futures Commission will also allow physical redemption, which is an important difference from the US Bitcoin spot ETFs that only allow cash redemption.
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