Hong Kong SFC may allow physical creation and redemption of Bitcoin spot ETFs in the second quarter of this year
The Securities and Futures Commission (SFC) of Hong Kong may allow the creation and redemption of physical Bitcoin ETFs in the second quarter of this year. Bloomberg ETF analyst Rebecca Sin stated that although no physical ETFs have been approved yet, it seems to be only a matter of time. The analyst also said that in addition to approving physical ETFs, the Hong Kong Securities and Futures Commission will also allow physical redemptions, which is an important difference from the US Bitcoin spot ETF that only allows cash redemptions.
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