Institutional Adoption
Share
Hong Kong's financial watchdog, the Securities and Futures Commission (SFC), is getting ready to review its first application for a spot Bitcoin ETF.
This comes after the U.S. Securities and Exchange Commission (SEC) gave the green light to the first spot Bitcoin ETF in the United States.
A big investment company in China called Harvest Hong Kong has applied for a spot Bitcoin ETF with the SFC on January 26.
The SFC is trying to speed up the approval process so that the first Hong Kong spot Bitcoin ETF can launch soon after the Chinese New Year celebrations on February 10, according to Cointelegraph.
Disclaimer of Warranty
The information provided in this article is for general informational purposes only. We make no warranties about the completeness, reliability, and accuracy of this information. Read full disclaimer
Just like in the U.S., Hong Kong might approve more than one spot ETF to make sure the market is fair for everyone. Besides Harvest Fund, other financial companies in the region are also interested in launching spot Bitcoin ETFs in 2024.
About ten big financial players in Hong Kong are said to be working on this already. One of them, Venture Smart Financial Holdings, is aiming to launch its spot ETF in the first few months of 2024.
Some established crypto companies in Hong Kong are also considering jumping into the spot ETF game. For example, Samsung Asset Management, known for launching the Samsung Bitcoin Futures ETF in 2023, is thinking about it.
It is worth noting that even before the SEC approved the first spot Bitcoin ETF, the SFC had said it was open to considering different kinds of funds, including ones focused on digital assets like Bitcoin.
Editor's Picks

UAE Stablecoins: Why They Are Built to Travel, Not Stay Local
Walid Abou Zaki
Feb 28, 2026
8 min

The Central Bank of the UAE Clearing the Noise Around Article 62
Walid Abou Zaki
Feb 25, 2026
5 min

Europe’s Crypto Purge: Did Lithuania Just Kick Out Innovation — and is the UAE the Beneficiary?
Salma Naueihed
Feb 18, 2026
7 min
Read More Articles
In the Same Space

Metaplanet Launches Two Subsidiaries and Invests in Stablecoin Firm JPYC
News Desk
Mar 12, 2026
4 min

Investors Sue JPMorgan Over Alleged Role in $328M Cryptocurrency Fraud
News Desk
Mar 12, 2026
4 min

CBUAE Allows Case-by-Case Offshore Disaster Recovery for Banks
Walid Abou Zaki
Mar 12, 2026
4 min

Binance Sues Wall Street Journal Over Iran-Related Investigation Report
News Desk
Mar 12, 2026
2 min