Hong Kong spot bitcoin ETFs could go live as soon as this month: OSL

Originally appeared on The Block

Hong Kong asset managers, including units of China Asset Management (ChinaAMC) and Harvest Global, may soon launch their spot bitcoin exchange-traded funds as early as later this month, OSL confirmed with The Block today.

“Reports suggest a spot BTC ETF may start in late April, with a spot ETH ETF following shortly after,” said Patrick Pan, chairman of the board and CEO of OSL. “All parties are working expeditiously to complete the process. However, exact dates remain unconfirmed at this time.”

“We view the recent approval in principle positively as it moves the industry closer to launching spot crypto ETFs,” Pan added.

Pan today told Foresight News, a Chinese-language crypto news outlet, that the spot bitcoin ETFs may become available for investors as early as late April.

Pan’s comments come after the Hong Kong Securities and Futures Commission on Monday gave in-principle approval to several asset managers, including those managed by ChinaAMC, Harvest, Bosera and HashKey, to offer spot bitcoin ETFs and spot ether ETFs. OSL will act as a sub-custodian and infrastructure service provider for the ETFs issued by ChinaAMC and Harvest.