Hong Kong Approves Series of Bitcoin and Ethereum Spot ETFs
At the beginning of this week on April 15, Hong Kong officially gave the green light to four applications for Bitcoin and Ethereum spot ETFs.
Hong Kong approves a series of Bitcoin and Ethereum spot ETFs
Early afternoon on April 15, 2024, Wu Blockchain quoted announcements from relevant parties stating that Hong Kong authorities had preliminarily approved applications for Bitcoin and Ethereum spot ETFs.
Announcements from official WeChat accounts of China Asset Management, Bosera Capital, HashKey Capital, and Harvest Global Investments confirmed their ETFs had been approved.
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to… pic.twitter.com/R6VC9okbG7
— Wu Blockchain (@WuBlockchain) April 15, 2024
As of now, preliminary calculations indicate that four entities have received approval. This information aligns with last week's speculation suggesting Hong Kong might approve Bitcoin spot ETFs the following week.
Thanks to this positive news, Bitcoin and Ethereum prices are showing strong recovery after plummeting uncontrollably over the weekend.
BTC is currently trading around $66,300, a slight increase following a flash crash to as low as $60,600 on April 14.
1-hour chart of BTC/USDT pair on Binance at 01:40 PM on April 15, 2024
ETH is trading around $3,240, gradually rising after dipping to around $2,800.
1-hour chart of ETH/USDT pair on Binance at 01:35 PM on April 15, 2024
