Market News: The Hong Kong Securities and Futures Commission plans to announce the first batch of Bitcoin ETF spot listings by April 15th
PANews reported on April 10th that, according to exclusive information from different sources obtained by Tencent Finance's "Frontline", the Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds in the early morning of April 10th. This is because it plans to announce the first batch of Bitcoin ETFs in Hong Kong before April 15th. The Hong Kong SFC originally planned to approve four Bitcoin ETFs in the first batch, including Harvest Fund, Bosera Funds, and Huili Financial besides GaoShi International. However, Bosera Funds and Huili Financial have not yet appeared on the list of virtual asset management funds updated by the Hong Kong SFC in the early morning of April 10.
According to Hong Kong's process, after approving its first batch of Bitcoin ETFs on April 15th, HKEX will need approximately two weeks for product listing preparations. But since detailed communication and planning with HKEX were done ahead during this project’s early stage, it is expected that everything can be completed within about ten days. The original plan was for these Bitcoin ETFs to be listed in Hong Kong around April 25 at latest by end-April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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