Hong Kong edges closer to approving Ethereum ETFs as soon as next Monday, while nothing is clear in US
Hong Kong is reportedly nearing a significant milestone on the cryptocurrency market, with indications suggesting the imminent approval of spot exchange-traded funds directly investing in Bitcoin and Among the anticipated issuers are the international arm of Chinese asset manager Harvest Fund Management and a partnership between Bosera Asset Management and HashKey Capital.
The potential approval of crypto-oriented ETFs in Hong Kong mirrors recent developments in the United States, where the introduction of spot are still very much a question there. In Hong Kong, however, neither of these instruments is available yet, but if rumors become facts, both solutions will be presented on this market at once.
The situation with Ethereum ETFs in America is in an unclear state. It is known that the deadline for the SEC to make a decision on the applications is set for May 23. However, not only does the regulator not comment on the whole situation, but it also initiates investigations against the Ethereum Foundation - a key nonprofit organization associated with the altcoin.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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