Hong Kong Seen Granting Mainland Investors Access to Crypto via ETFs
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is expected to approve a structure for Bitcoin exchange-traded funds (ETFs) that could lure mainland Chinese investors into the cryptocurrency market, according to a Bloomberg Intelligence analyst. This in-kind creation and redemption model for spot Bitcoin ETFs differs from the cash-settled structure currently favored by the US Securities and Exchange Commission (SEC). In-kind creation allows authorized participants, […]