Bloomberg Analyst: Hong Kong May Approve Physical Creation and Redemption of Bitcoin Spot ETF in Q2 This Year
Hong Kong's Securities and Futures Commission (SFC) may allow the physical creation and redemption of bitcoin spot ETFs in the second quarter of this year, Bloomberg reports. Rebecca Sin, a Bloomberg ETF analyst, said that while no spot ETFs have been approved yet, it appears to be only a matter of time. The analyst also said that in addition to approving spot ETFs, the Hong Kong Securities and Futures Commission will also allow in-kind redemptions, a key difference from U.S. bitcoin spot ETFs that only allow cash redemptions.
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