Ethereum ETF approval looks unlikely in U.S. amid slow Hong Kong launch

With the U.S. Securities and Exchange Commission (SEC) making its first decision on spot ether exchange-traded funds (ETFs) later this month, optimism around the regulator's decision has dimmed in the U.S., just as Hong Kong logged $11.2 million in trades of its first spot bitcoin and ether ETFs earlier this week.

Hong Kong: Introducing Spot Crypto Trading

Hong Kong has approved the launch of exchange traded funds (ETFs) that directly invest in bitcoin and ether, the world’s largest cryptocurrency tokens. The city is seeking to take pole position in the ...