{"id":24598,"date":"2024-04-17T15:03:55","date_gmt":"2024-04-17T15:03:55","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/04\/17\/hong-kong-bitcoin-etfs-to-trade-by-april-30th-reports\/"},"modified":"2024-04-17T15:03:55","modified_gmt":"2024-04-17T15:03:55","slug":"hong-kong-bitcoin-etfs-to-trade-by-april-30th-reports","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/04\/17\/hong-kong-bitcoin-etfs-to-trade-by-april-30th-reports\/","title":{"rendered":"Hong Kong Bitcoin ETFs to Trade by April 30th: Reports"},"content":{"rendered":"<p>Hong Kong&#8217;s highly anticipated spot\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/guides\/best-bitcoin-only-exchanges\">bitcoin exchange<\/a>-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources.<\/p>\n<p>NEW: \ud83c\udded\ud83c\uddf0 Hong Kong <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs to start trading by 30th April and could bring in $25 billion: Reports<\/p>\n<p>Just a matter of time \ud83d\ude80 <a href=\"https:\/\/t.co\/Y1Xo4JVrO7\">pic.twitter.com\/Y1Xo4JVrO7<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1780531984353107974?ref_src=twsrc%5Etfw\">April 17, 2024<\/a><\/p>\n<p>The Hong Kong Securities and Futures Commission (SFC)\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/business\/hong-kong-approves-the-first-batch-of-spot-bitcoin-etfs-issuer-says\">recently approved<\/a> several fund managers to offer spot bitcoin ETFs. Following this, OSL, a crypto infrastructure provider for some approved fund managers, stated that the bitcoin ETFs are aiming to go live as early as late April.<\/p>\n<p>Markus Thielen, founder of research firm 10x, also stated that the Bitcoin ETFs could start trading by April 30th. The launch timeline will depend on finalizing details with regulators.<\/p>\n<p>Once listed, analysts predict the accessible funds could attract significant capital inflows. Singapore-based\u00a0Matrixport expects mainland Chinese investors to pour up to $25 billion into Hong Kong&#8217;s\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETFs<\/a> via the Southbound Stock Connect program.<\/p>\n<p>Thielen echoed this sentiment, stating the ETFs could yield $25 billion if fully accessible to Chinese investors. However, he noted that Chinese participation may take at least six months due to evolving regulations.<\/p>\n<p>Nonetheless, the ETFs mark a milestone for Bitcoin adoption in Asia. They provide regulated exposure to bitcoin, opening the assets to a broader range of investors.<\/p>\n<p>The funds&#8217; unique in-kind redemption feature also makes them competitive globally. This allows swapping bitcoin directly for ETF shares, increasing efficiency.<\/p>\n<p>                        <a href=\"https:\/\/unchained.bitcoinmagazine.com\/\"><\/a><br \/>\n                        <em>Click the image to learn more.<\/em><\/p>\n<p>By approving the ETFs, Hong Kong cements its position as a rising Bitcoin hub. The city is moving swiftly to license Bitcoin companies and products amid growing demand.<\/p>\n<p>With bitcoin&#8217;s next halving just days away, the ETF launch timing is opportune. Many predict the supply shock event will propel Bitcoin to new highs, benefiting linked investment vehicles.<\/p>\n<p>If successful, Hong Kong&#8217;s spot ETFs could prompt other Asian jurisdictions to follow suit. The domino effect would boost regional participation and maturity for the Bitcoin market.<\/p>","protected":false},"excerpt":{"rendered":"<p>Hong Kong&#8217;s highly anticipated spot\u00a0bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources. NEW: \ud83c\udded\ud83c\uddf0 Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Reports Just a matter of time \ud83d\ude80 pic.twitter.com\/Y1Xo4JVrO7 \u2014 Bitcoin Magazine (@BitcoinMagazine) April 17, 2024 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24598","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24598"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24598"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24598\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}