HashKey Readies Infrastructure for Hong Kong’s Bitcoin ETFs – Approval Could Come Next Week

• Hong Kong-based HashKey completes development for potential spot Bitcoin ETFs as regulatory greenlight looms.
• Asset managers partnering with HashKey remain undisclosed, but approval could come as early as next week according to sources.
• “We can expect the launch of spot Ether ETFs,” says HashKey’s Livio Weng, highlighting future potential.

Get the latest on Hong Kong’s imminent Bitcoin ETF approval and how HashKey is positioned to play a pivotal infrastructure role.

HashKey Prepares for Hong Kong’s Bitcoin ETF Launch

HashKey, a licensed Hong Kong crypto exchange, has finalized infrastructure for potential spot Bitcoin ETFs. This comes amidst reports that the region could approve the first batch as early as next week. HashKey will provide trading, custody, and technical support for ETFs from collaborating asset managers.

Regulatory Approval Expected Imminently

According to sources familiar with the matter, Hong Kong regulators are poised to greenlight the first spot Bitcoin ETFs soon. Reuters reports that at least four asset managers have filed applications, with mainland Chinese firms among them.

Ethereum ETFs on the Horizon?

Livio Weng, HashKey Exchange CEO, anticipates potential for spot Ether ETFs following Bitcoin. He highlights the attractiveness of yield-bearing assets, especially if on-chain staking issues can be resolved.

HashKey’s Growing Footprint

This development aligns with Hong Kong’s pro-crypto stance and its recently launched licensing regime. HashKey’s role underscores its growing influence in the region’s burgeoning crypto sector.

Conclusion

Hashkey’s readiness positions the firm as a key infrastructure provider should Hong Kong’s Bitcoin ETF approval materialize soon. This event could have significant repercussions for the crypto market and pave the way for additional innovative ETF products in the region.