According to a report from Tencent Finance’s “First Line”, the Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds on April 10th in hopes of announcing the first batch of Bitcoin spot ETFs in Hong Kong before April 15th.
According to the operating procedures of the Hong Kong financial regulatory authorities, after the first batch of Bitcoin spot ETFs is announced on April 15th, the Hong Kong Stock Exchange will need approximately two weeks to prepare for product listing and other matters. However, Tencent Finance pointed out in the report that due to detailed communication and planning between the issuer and the Hong Kong Stock Exchange in advance regarding the issue of “Bitcoin spot ETFs”, the preparation work is expected to be completed in about 10 days. It is estimated that the first batch of Bitcoin spot ETFs will be listed in Hong Kong around April 25th, at the latest by the end of April.
In addition, the report also revealed that the Hong Kong Securities and Futures Commission originally planned to approve four Bitcoin spot ETFs, including CSOP Asset Management, Huaxia Fund, Bosera Asset Management, and WisdomTree Financial. However, Bosera Asset Management and WisdomTree Financial do not have independent Responsible Officers (ROs) that meet the requirements for managing digital asset circles, so they have not appeared in the updated list of virtual asset management funds released by the Hong Kong Securities and Futures Commission on the early morning of April 10th.
