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Participants in Hong Kong's crypto industry are urging authorities to speed up approvals and launch spot bitcoin ETFs, with some key players in Hong Kong arguing that continued postponement of ETFs will put Asian investors at a disadvantage, according to a report. According to local reports, the Hong Kong monetary authority began accepting applications for spot bitcoin ETFs in December 2023, but has not launched a related product so far. The report also revealed that authorities are considering approving spot Ethereum ETFs. Industry insiders believe that launching this move ahead of the United States will enhance Hong Kong's position in the global cryptocurrency market.