Ifeanyi Jesse 
Hong Kong to Approve Spot ETF for BTC, ETH on Monday
Bloomberg reported that Hong Kong could authorize spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, citing two sources familiar with the situation.
According to the article, if listing details are finalized with Hong Kong Exchanges & Clearing on schedule, the items could be available by the end of the month.
Harvest Global Investments, a sizeable asset-management company in China, was reportedly the first to apply for a spot bitcoin exchange-traded fund (ETF), and a product developed by Bosera Asset Management (International) Co. and HashKey Capital may be the first to receive approval.
Hong Kong to Approve Ethereum ETF Before SEC
Despite this move by the South Chinese country of Hong Kong, which will be one of the most significant market-moving events for cryptocurrencies in the near term, the SEC is still delaying the approval of an Ethereum ETF.
According to a report by CoinXposure earlier this week, the United States Securities and Exchange Commission (SEC) will unlikely approve a spot Ethereum exchange-traded fund (ETF) shortly.
This move by the United States Securities and Exchange Commission (SEC) has received applause from many notable figures in the cryptocurrency industry.
Max Keiser, a renowned Bitcoin maximalist, posted on X, formerly Twitter, about how he advocates for the SEC against approving an Ethereum ETF in the United States.
Hong Kong’s acceptance of ETF products is viewed as one of the most significant market-moving developments for cryptocurrencies, potentially establishing Hong Kong as Asia’s central digital asset hub.
