Hong Kong’s securities regulator reportedly approved the in-kind creation model for Bitcoin and Ether ETFs instead of the cash-create model in the United States.
Update April 15, 1:10 pm UTC: This article has been updated to include comments from OSL chairman Patrick Pan.
Hong Kong has become the latest country to approve spot exchange-traded funds (ETF) for Bitcoin (BTC) and Ether (ETH), with local regulators issuing approvals to at least three local issuers.
The Hong Kong Securities and Futures Commission (SFC) conditionally approved its first spot BTC and ETH ETFs on April 15, Reuters reported.
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Source: https://cointelegraph.com/news/hong-kong-approves-bitcoin-ether-etfs