As U.S.-based crypto market participants eagerly await the decision by the U.S. Securities and Exchange Commission (SEC) for the approval of 13 Bitcoin spot exchange-traded Funds (ETFs), approximately 10 fund companies in Hong Kong are preparing virtual asset spot ETFs. Livio Weng, COO of HashKey Group, said seven or eight of them are already in advanced stages. This initiative in Hong Kong follows the joint announcement by the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) in December 2023. The regulators declared their readiness to accept applic…
