Hong Kong’s highly anticipated spot\u00a0bitcoin exchange<\/a>-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources.<\/p>\n

NEW: \ud83c\udded\ud83c\uddf0 Hong Kong #Bitcoin<\/a> ETFs to start trading by 30th April and could bring in $25 billion: Reports<\/p>\n

Just a matter of time \ud83d\ude80 pic.twitter.com\/Y1Xo4JVrO7<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) April 17, 2024<\/a><\/p>\n

The Hong Kong Securities and Futures Commission (SFC)\u00a0recently 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

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

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’s\u00a0Bitcoin ETFs<\/a> via the Southbound Stock Connect program.<\/p>\n

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

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

The funds’ unique in-kind redemption feature also makes them competitive globally. This allows swapping bitcoin directly for ETF shares, increasing efficiency.<\/p>\n

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\n Click the image to learn more.<\/em><\/p>\n

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

With bitcoin’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

If successful, Hong Kong’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":"

Hong Kong’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 […]<\/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","targetHints":{"allow":["GET"]}}],"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}]}}