Hong Kong’s Securities and Futures Commission (SFC) received its inaugural spot Bitcoin (BTC) ETF application as the US SEC greenlit America’s first. Harvest Hong Kong, a major Chinese fund manager, submitted on Jan. 26, aiming for a post-Chinese New Year launch. Hong Kong could emulate the US by approving multiple spot ETFs to ensure fair play. The move signals Hong Kong’s ascent as a key Asian crypto hub, with regulatory openness bolstering investor participation.