The largest bitcoin ETF in Hong Kong has grown five-fold since October.

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[{"selector":"#anim-b81316b2-22f9-46b5-aeb0-c9d5914a63a9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] After authorizing just three cryptocurrency futures ETFs in late 2022, Hong Kong finally joined the crypto trading bandwagon in late 2023. Demand increased significantly in February, according to CSOP Asset Management, the manager of the CSOP Bitcoin Futures ETF.

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Because of the city's eagerness to become a virtual asset center, several in the market believe that Hong Kong may approve the first spot bitcoin ETF this year.

[{"selector":"#anim-84a0b12c-0bba-4ece-90f2-3e70e941d60b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] A huge number of spot bitcoin ETF applications to the Hong Kong Securities and Futures Commission in the past several months indicate that Hong Kong's bitcoin ETF is exhibiting positive indicators, according to Kennix Chan, executive director of Victory Securities.

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