Tentative steps into crypto exchange-traded products

Regulators are still broadly cautious in their approach to digital assets, but the adoption of regimes for crypto exchange-traded products is picking up around the globe. Bryan Tan and Brett Hillis review developments in the United Kingdom, Hong Kong and Singapore.

By Reed Smith partners and members of On Chain, the Crypto and Digital Assets group: Bryan Tan, Singapore office (bryan.tan@reedsmith.com); Brett Hillis, London office (bhillis@reedsmith.com); and Jill Wong, Hong Kong office (jill.wong@reedsmith.com).

The US Securities and Exchange Commission's highly-publicised approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024 provided the crypto markets with a shot in the arm. In light of this development, we examine regulatory approaches outside of the United States and consider what the regulatory future may hold for crypto investment.