Hong Kong has reportedly approved its first series of spot Bitcoin exchange-traded funds (ETFs), with various issuers revealing they have received authorization to launch Bitcoin ETFs.

China Asset Management, Bosera Capital, and other applicants have announced on social media that they obtained permission to list spot Bitcoin ETFs in Hong Kong. However, the Securities and Futures Commission (SFC) has not yet published an official list of approved issuers.

According to these announcements, the SFC has authorized China Asset Management to offer spot Bitcoin and Ether ETFs in collaboration with OSL and BOCI International. Other issuers that received approval include Harvest Global Investments, HashKey Capital, and Bosera Asset Management.

This development mirrors the success of spot Bitcoin ETFs in the U.S., which were introduced in January and quickly saw over $200 billion in trading volume. The approval in Hong Kong represents a significant milestone, marking the first time an Asian jurisdiction has approved spot Bitcoin ETFs.

These ETFs provide investors with direct exposure to actual Bitcoin, rather than derivatives, and offer a regulated way to invest in Bitcoin that reduces some of the associated risks.

With these approvals, Hong Kong strengthens its position as a Bitcoin-friendly financial hub, potentially boosting retail and institutional interest in Bitcoin. 

Nonetheless, an official announcement from the SFC is still pending, and some social media posts about the approval have been removed, adding a layer of uncertainty to the market.

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