Hong Kong could green light spot bitcoin and ether ETFs next week: Report

HashKey is expected to be among the issuers who receive the green light, according to the report.

article-image

Hong Kong SFC CEO Julia Leung | Yu Chun Christopher Wong/Shutterstock modified by Blockworks

share

Hong Kong is reportedly looking to approve spot bitcoin and spot ether ETFs as soon as next week. 

Bloomberg first reported the news, citing sources familiar. 

HashKey is expected to be among the issuers who receive the green light, according to the report. 

HashKey announced on Thursday that it received an upgrade to its licensing conditions from Hong Kong’s Securities and Futures Commission (SFC). 

“This approval paves the way for HashKey Capital Limited to manage virtual asset investment products that may be offered to retail investors, subject to securing the requisite product authorisations from the SFC,” HashKey said in a statement. 

Read more: Hong Kong releases crypto ETF requirements ahead of US approval

The company announced a partnership with Bosera International earlier this month, which would allow the two to launch the ETFs. The partnership is “aimed at driving innovation and fostering growth.” 

“Along with the recent license upgrade, the collaboration is expected to pave the way for innovative fund products, including spot ETFs, and new investment opportunities for retail investors,” HashKey said.

HashKey declined to comment on the report.

Another potential issuer is Harvest Fund Management’s international arm. 

Read more: The future of Web3 lies in the Asia-Pacific

If the SFC gives the firms the green light, then the ETFs could launch by the end of April, Bloomberg said.

In the US, the Securities and Exchange Commission approved spot bitcoin ETFs back in January. It hasn’t, however, given spot ether ETFs approval to launch yet. A decision is expected in late May, but Bloomberg’s ETF analysts have given the SEC low odds of approval for the slew of applications from firms like BlackRock and Ark 21Shares.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Featured.png

Research

Helium stands at a pivotal moment in its evolution as a decentralized wireless network, balancing rapid growth, economic restructuring, and global expansion. With accelerated growth in domestic DAUs and Hotspots supporting its network, Helium is leveraging strategic partnerships and innovative proposals to scale internationally. The recent implementation of HIP 138, “Return to HNT,” has unified its token economy under HNT, simplifying participation and strengthening liquidity, while HIP 139’s phase-out of CBRS refocuses efforts on scalable Wi-Fi offload. Meanwhile, governance shifts under HIP 141 raise questions about centralization as Nova Labs consolidates control over the roadmap.

article-image

The DeFi Education Fund has ideas on how the crypto-friendly SEC can bring Commissioner Peirce’s vision to life

article-image

“Be prepared to do more with less,” Framework Ventures’ Michael Anderson said

article-image

Q1 may have been “frustrating,” but things are looking brighter for Q2

article-image

Tokens worth 20% of the current supply of the TRUMP memecoin launched by the president are set to be unlocked tomorrow

article-image

A crypto-industry lawsuit is “moot” now that Joint Resolution 25 has been signed into law

article-image

Fed Chair Powell assured markets that the labor market is in “good place,” dependent on price stability