Hong Kong Securities and Futures Commission: If the history of traditional ETFs is any guide, the approval process for spot Bitcoin ETFs may take wee

Samsung Asset Management has stated that it will not rule out the possibility of exploring the launch of spot ETFs. Southern Dongying Asset Management has not responded to requests for comment. Serra Wei, CEO of digital asset custody company Aegis Custody, said the company is in talks with four asset management companies about listing spot encrypted products in Hong Kong. Compared with the low management fees of many new US spot Bitcoin ETFs, Hong Kong's regulatory requirements may result in higher fees for issuers. The Hong Kong Securities and Futures Commission stated that it will not make any comments other than the guidelines issued in December. If the history of traditional ETFs is any indication, the approval process for such products may take weeks to months.