From Benjamin Schiller, here is some news worth reading:
HONG KONG NEXT? Following the approval of spot bitcoin ETFs in the United States in January, investors have been waiting to see what comes next for these mainstream-friendly vehicles. The answer may be Hong Kong, which looks set to approve the first set of applications for spot bitcoin exchange-traded funds (ETFs) next week, making the products potentially ready to begin trading. epidemic in April, Reuters reported. Harvest Global Investments, a major asset management company in China, and asset management firm VSFG, along with its partner, Value Partners, have applied to the HK regulator for a spot ETF . The Hong Kong units of China Asset Management and Bosera Asset Management make up the four candidates currently in the running. Australia is also likely to see ETFs mid-year, while Singapore and Dubai, two other major trading locations in the region, are showing less urgency. The 10 approved US bitcoin ETFs have accumulated more than $50 billion since launch, providing a significant boost to the entire cryptocurrency market.
