Hong Kong regulator prepares to approve spot Bitcoin ETFs
Hong Kong’s Securities and Futures Commission (SFC) is assessing the prospects of allowing retail investors access to spot cryptocurrency ETFs once the regulatory framework is finalized. SFC Chair Julia Leung, who took up her role on 1 January 2023, said the regulator welcomes the use of emerging technologies as they improve efficiency and improve customer service. Therefore, the regulator may approve the launch of spot Bitcoin ETFs if the associated risks are eliminated, Leung emphasized.…
