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Bloomberg Analyst: Hong Kong May Approve Physical Creation and Redemption of Bitcoin Spot ETF in Q2 This Year

Bloomberg Analyst: Hong Kong May Approve Physical Creation and Redemption of Bitcoin Spot ETF in Q2 This Year

2024/03/26 18:06

Hong Kong's Securities and Futures Commission (SFC) may allow the physical creation and redemption of bitcoin spot ETFs in the second quarter of this year, Bloomberg reports. Rebecca Sin, a Bloomberg ETF analyst, said that while no spot ETFs have been approved yet, it appears to be only a matter of time. The analyst also said that in addition to approving spot ETFs, the Hong Kong Securities and Futures Commission will also allow in-kind redemptions, a key difference from U.S. bitcoin spot ETFs that only allow cash redemptions.

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