AsianFin--Spot Bitcoin exchange traded funds (ETFs) have officially gone live in Hong Kong as its stock market opens.

The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset managers have been gearing up for this event, after Hong Kong's Securities and Futures Commission approved three Spot Bitcoin ETF applications earlier this month. China Asset Management, Harvest Global Investments, Bosera International and HashKey, were all among the asset managers gaining regulatory approval to offer these ETFs.