Close Menu
    What's Hot

    The Digital Euro Project And How It Could Affect The Crypto

    May 14, 2024

    The Digital Euro Project And How It Could Affect The Crypto

    May 14, 2024

    The Digital Euro Project And How It Could Affect The Crypto

    May 14, 2024
    Facebook X (Twitter) Instagram
    • Demos
    • Markets
    • Buy Now
    Facebook X (Twitter) Instagram YouTube LinkedIn Discord Telegram
    Advertise
    Crypto Morning
    • News
      • Crypto News
        • BitCoin
        • Ethereum
        • AltCoin
        • Meme Coin
        • Defi
        • StableCoin
        • ICO
        • Press Release
        • Sponsored
      • Technology
        • Web3
        • AI
        • Blockchain
        • Metaverse
        • NFT
        • GameFi
      • Short News
        • Web Stories
        • 1 Min News
        • 60 Words News
      • Business
        • Finance
        • Adoption
        • Event
      • Policy
        • Policy & regulation
        • security
        • Governance
    • Markets
      • Price Index
      • Reports
      • Calculator
      • Heat Map
      • Tools
    • Analysis
    • Review
    • CryptoPedia
      1. How To
      2. What Is
      3. Learn
      4. Opinions
      5. Explained
      6. People of Crypto
      7. Glossary
      8. Best of Best
      9. Recommend
      10. Web3 Jobs
      Featured

      The Digital Euro Project And How It Could Affect The Crypto

      By ChiragMay 14, 2024
      Recent

      The Digital Euro Project And How It Could Affect The Crypto

      May 14, 2024

      The Digital Euro Project And How It Could Affect The Crypto

      May 14, 2024

      The Digital Euro Project And How It Could Affect The Crypto

      May 14, 2024
    Crypto Morning
    Home»Business»Finance
    Finance

    Bloomberg reports that Hong Kong is expected to permit spot Bitcoin ETFs to include in-kind creations

    Enabling in-kind creations and redemptions for spot Bitcoin ETFs in Hong Kong may attract substantial investments from Chinese investors to the cryptocurrency market.
    ChiragBy ChiragMarch 26, 20242 Mins Read
    Facebook Twitter LinkedIn Telegram Email
    Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs
    Facebook Twitter LinkedIn Telegram Email

    Hong Kong’s financial regulator is poised to greenlight in-kind creations and redemptions for spot Bitcoin ETFs. This move could open doors for a substantial influx of investors from China into the cryptocurrency market. Several companies have sought approval to launch spot Bitcoin ETFs on the Hong Kong Stock Exchange.

    The Hong Kong Securities and Futures Commission (SFC) is expected to authorize in-kind creations and redemptions for spot Bitcoin ETFs in the second quarter of this year, as per a Bloomberg Intelligence report. In January, Harvest Global, a Chinese asset manager, applied for a spot Bitcoin ETF, with Venture Smart Financial Holdings planning to follow suit after the SFC’s announcement in December indicating readiness to consider such products.

    Although no spot ETFs have been approved yet, Bloomberg Intelligence ETF analyst Rebecca Sin believes it’s just a matter of time. Additionally, the SFC is likely to permit in-kind redemptions, a significant departure from the cash-only redemption model used by U.S. spot-based products.

     

    Looks like Hong Kong is going to allow in-kind creations and redemptions for spot bitcoin ETFs in 2Q (unlike US which is cash creations only), which could help spark aum and volume in the fast-growing region via new note today from @Rebeccasin_SK https://t.co/IxcdWEFDvC pic.twitter.com/sDsS4nbzGi

    — Eric Balchunas (@EricBalchunas) March 26, 2024

    In-kind redemptions are preferred by ETFs as they don’t require selling the underlying asset, making them more cost-effective, tax-efficient, and liquid. Conversely, cash redemptions entail exchanging ETF shares solely for cash, resulting in higher tax and trading costs.

    If Hong Kong indeed approves in-kind redemptions for spot Bitcoin ETFs, it would be a significant development, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. She notes that the Asian crypto market surpasses the U.S. in volume, suggesting either a lack of “new money” or deeper familiarity with crypto assets in the region. ETFs listed in Hong Kong could channel a considerable amount of funds into approved portfolio allocations.

    Subscribe to Latest Crypto News

    Explore more articles like this

    Previous ArticleCryptocurrency fraud is increasing once more—here’s the reason why.
    Next Article Insurance broker Marsh, announces the launch of $825 million in coverage for cryptocurrency custody

    related posts

    Adoption

    WhiteList Zone: Enhancing transparency and security in early-stage web3 investments

    By ChiragMarch 26, 2024
    Adoption

    KuCoin assures users that their assets remain unaffected by the US SDNY indictment

    By ChiragMarch 26, 2024
    Finance

    Insurance broker Marsh, announces the launch of $825 million in coverage for cryptocurrency custody

    By ChiragMarch 26, 2024
    Adoption

    Arkham Intelligence reveals the Bitcoin holdings of Tesla and SpaceX.

    By ChiragMarch 13, 2024
    Adoption

    Uzbekistan partners with Tether to enhance cryptocurrency, blockchain development, and regulation efforts.

    By ChiragMarch 13, 2024
    Finance

    VanEck has temporarily reduced the fee for its Bitcoin ETF to zero following a period of lower assets.

    By ChiragMarch 12, 2024
    Editor's choice

    The Digital Euro Project And How It Could Affect The Crypto

    How To May 14, 202416 Views

    Millennials Are Quitting Job to Become Day Traders

    Blog January 20, 20214 Views

    Jack Dorsey Says Bitcoin Will Unite The World

    Blog January 15, 20215 Views

    Hong Kong Customs Arrest Four in Crypto Laundering Bust

    Blog January 15, 20211 Views

    NFT vs Cryptocurrency: Are They the Same Thing?

    Blog January 12, 20211 Views
    Advertisement
    Demo

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    erfgdfgdfg

    Crypto News
    • BitCoin
    • Ethereum
    • Defi
    • ICO
    • StailbleCoins
    Technology News
    • AI
    • Blochchain
    • Metaverse
    • NFT
    • Web3
    • GameFi
    Crypto Pedia
    • HowTO
    • Learn
    • Explained
    • Best Of Best
    • Glossary
    • People in Crypto
    • Opinions
    Company
    • About
    • Contact US
    • Advertisement
    • Newslatter
    • Careers
    • Sitemap
    X (Twitter) Facebook LinkedIn Instagram YouTube Telegram Discord RSS
    • Terms & Conditions​
    • Privacy Policy
    • Disclaimer
    • Ethics Policy
    © 2025 Crypto Morning

    Type above and press Enter to search. Press Esc to cancel.