Categories: Bitcoin Latest News

Hong Kong Bitcoin ETFs to Trade on 30th April: HashKey Capital

Hong Kong’s Securities and Futures Commission recently approved Bitcoin Spot ETFs for several major asset managers, paving the way for the city to become a leading hub for such products. 

The approval comes after months of anticipation and marks a significant milestone for the Bitcoin industry in Asia.

JUST IN: 🇭🇰 Hong Kong spot #Bitcoin ETFs will begin trading on April 30: HashKey Capital

Asia is ready 🚀 pic.twitter.com/TDfNZTqPQU

— Bitcoin Magazine (@BitcoinMagazine) April 24, 2024

HashKey Capital, a local asset management firm, confirmed that its Bitcoin ETF will start trading next Tuesday. In a statement, a spokesman for the firm acknowledged the launch date, making it one of the first companies to offer a spot Bitcoin ETF in Hong Kong.

OSL, a digital asset platform that acts as a sub-custodian and infrastructure service provider for two major fund managers, has also indicated that spot bitcoin products aim to launch as early as late April. This news further solidifies Hong Kong’s position as a frontrunner in the race to offer investors access to Bitcoin through traditional financial instruments.

Elsewhere, some of China’s top asset managers are in the final leg of preparations for the spot Bitcoin ETFs to begin trading potentially by the end of April. 

This development is expected to attract significant interest from investors within and outside Hong Kong.


Click the image to learn more.

According to predictions by Singapore-based crypto services provider Matrixport and Markus Thielen, founder of 10x Research, Hong Kong Spot Bitcoin ETFs could bring in and unlock up to $25 billion in new demand. 

This influx of capital could have a profound impact on Bitcoin and further legitimize it as an asset class.

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

AddThis Website Tools

Recent Posts

Bitcoin Rally Not Over Yet? Short-Term Holder MVRV Suggests Further Upside

As Bitcoin (BTC) consolidates just below the $120,000 mark, concerns are mounting over whether the…

1 hour ago

Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise

Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently…

6 hours ago

Whales? No, Newbies: Surge In New BTC Holders Fuels Market Rally—Study

Bitcoin has been on a tear lately. Prices jumped past $123,000 this week. Now, new…

7 hours ago

Bitcoin Price Eyes $123K Explosion—Traders Brace for Breakout

Bitcoin price is attempting a fresh increase above $120,000. BTC is now consolidating and might…

8 hours ago

Bitcoin Mining in Space

Bitcoin Magazine Bitcoin Mining in Space The building blocks that will serve as the foundation…

13 hours ago

White House Confirms President Trump’s Support For Bitcoin Tax Exemption

Bitcoin Magazine White House Confirms President Trump’s Support For Bitcoin Tax Exemption The Trump administration…

13 hours ago