Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts.
With Hong Kong asset managers somewhat reluctant to submit applications for the new ETF, a series of multibillion-dollar firms from Mainland China have entered the market.
Recent regulatory clarity offered by Hong Kong financial authorities is setting the stage for Hong Kong to be the central hub of Asia's Bitcoin and crypto ecosystem.
The city seeks to establish itself as a financial hub by establishing a licensing regime in order to allow the retail trading of bitcoin and cryptocurrencies.
WIN BITCOIN