According to BlockBeats, the Hong Kong Securities and Futures Commission (SFC) urgently updated the list of virtual asset management funds on April 10. This move was in anticipation of the announcement of the first batch of Bitcoin Exchange Traded Funds (ETFs) in Hong Kong, scheduled for April 15. The SFC initially planned to approve four Bitcoin ETFs, including Harvest Fund, Bosera Funds, and Huatai-PineBridge Fund. However, Bosera Funds and Huatai-PineBridge Fund were not included in the updated list of virtual asset management funds.
Following the approval of the first batch of Bitcoin ETFs on April 15, the Hong Kong Stock Exchange (HKEX) would typically require approximately two weeks to prepare for the product listing. However, due to detailed communication and planning between the Bitcoin ETF project and the HKEX, it is expected that the process will be completed in about ten days. The SFC originally planned to list the Bitcoin ETFs in Hong Kong around April 25, no later than the end of April.
