Hong Kong crypto participants urge authorities to expedite approval and launch of Bitcoin ETF spot

According to a report, participants in Hong Kong's cryptocurrency industry are urging authorities to expedite the approval and launch of a Bitcoin ETF. Some key players in Hong Kong believe that continued delays will put Asian investors at a disadvantage. Local reports indicate that the Hong Kong Monetary Authority began accepting applications for a Bitcoin ETF in December 2023, but has yet to launch any related products. The report also revealed that authorities are considering approving an Ethereum ETF. Industry insiders believe that launching this initiative ahead of the United States will enhance Hong Kong's position in the global cryptocurrency market.