Analysis of Potential Chinese Impact on Bitcoin Spot ETFs by Bloomberg Analyst

user avatar

by Giorgi Kostiuk

3 years ago

Made with AI

The Securities and Futures Commission in Hong Kong is planning to allow spot Bitcoin ETFs to have in-kind creation and redemptions during the second quarter of this year. This move comes as Harvest Global and Venture Smart Financial Holdings expressed interest in launching spot Bitcoin ETFs in the region. Although approvals are pending, Bloomberg Intelligence ETF analyst Rebecca Sin believes it is only a matter of time before these products are given the green light. Sin highlights that the SFC's approach of in-kind redemptions contrasts with the US, where cash-only refunds are prevalent for spot-based products. Bloomberg's Eric Balchunas predicts that this shift towards in-kind creation and buybacks in Hong Kong could attract more volume and assets under management in the area. In-kind redemptions are favored by both investors and issuers for its cost, tax, and liquidity benefits compared to cash redemptions, which result in higher taxes and trading expenses. This adjustment in redemption methods could potentially influence the growth of Bitcoin ETFs in the region.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.