Hong Kong SFC approves the first spot Bitcoin and Ethereum ETFs, unlocking up to $25 billion in potential demand for Chinese investors through the Southbound Stock Connect program.
Financial institutions such as China AMC, Harvest Global Investments, Bosera International, and HashKey Capital are confirmed to launch ETF products linked to spot Bitcoin and Ethereum after gaining approval from the SFC.
These new crypto ETFs aim to address issues like high margin requirements, price premiums, and losses, providing investors with a more accurate reflection of the immediate value of Bitcoin and Ethereum.
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