HKSFC: If we take the history of traditional ETFs as a reference, the approval process for a physically-backed Bitcoin ETF may take several weeks to several month

Samsung Asset Management said it would not rule out exploring the possibility of launching a spot ETF. Southern Dongying Asset Management did not respond to requests for comment. Serra Wei, CEO of digital asset custody company Aegis Custody, said the company is in negotiations with four asset management companies regarding listing spot cryptocurrency products in Hong Kong. Compared to the low management fees of many new US spot Bitcoin ETFs, regulatory requirements in Hong Kong may result in higher fees for issuers. The Securities and Futures Commission of Hong Kong stated that it would not make any comments other than the guidelines issued in December. If history is any indication from traditional ETFs, the approval process for such products could take several weeks to months.