After SEC's greenlight for spot Bitcoin ETFs, what does this mean for Hong Kong?

With the world’s most famous cryptocurrency now more accessible, it is attracting a 'ripple effect' among investors in the SAR, but asset managers will need to adapt as further questions are raised about Bitcoin's future.

Cryptocurrencies have already achieved a significant investment milestone in 2024. In early January, the US Securities and Exchange Commission (SEC) approved tradable ETFs to track Bitcoin, a decision coming just months after the court of appeals in Washington ruled against the SEC’s decision for rejecting Grayscale Investment’s proposed Bitcoin ETF application.

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