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Regulators in Hong Kong have given their initial approval of new exchange-traded funds (ETFs) for Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>).<\/p>\n Hong Kong-based funds say regulators have approved spot BTC and ETH ETFs, according to a new CNBC\u00a0report<\/a>.<\/p>\n According to the report, Hong Kong\u2019s securities regulators, the Securities and Futures Commission (SFC), have approved three ETF providers to provide ETF products: ChinaAMC, Harvest Global, and Bosera International.<\/p>\n ChinaAMC is developing a spot Bitcoin and Ethereum ETF, with the digital assets firm OSL Digital Securities as the crypto custodian.<\/p>\n The launch date for the ETF products has yet to be set.<\/p>\n Last week, reports\u00a0surfaced<\/a>\u00a0that Harvest Fund Management was in line to get permission to launch a spot market BTC ETF while the SFC granted Harvest and China Asset Management clearance to provide crypto management services on April 9, according to the report.<\/p>\n The U.S. Securities and Exchange Commission (SEC) approved spot market ETFs in the US in January after a court ruled that the regulatory agency must reconsider its stance on such products to remain consistent.<\/p>\n Since the approval of the Bitcoin ETFs in the US, BTC is up over 36%.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Regulators in Hong Kong have given their initial approval of new exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH). Hong Kong-based funds say regulators have approved spot BTC and ETH ETFs, according to a new CNBC\u00a0report. According to the report, Hong Kong\u2019s securities regulators, the Securities and Futures Commission (SFC), have approved three ETF […]<\/p>\n","protected":false},"author":2,"featured_media":283745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-283744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=283744"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283744\/revisions"}],"predecessor-version":[{"id":283747,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283744\/revisions\/283747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/283745"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=283744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=283744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=283744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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