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Hong Kong may approve spot Bitcoin and ether ETFs as soon as Friday with possible trading starting by the end of the month, according to Bloomberg.

The approval timeline isn't fixed and could be changed at the last minute, according to the news site's sources.

Matrixport expect mainland Chinese investors to move billions into the potential Hong Kong listed

ETFs through the Stock Connect program and says that it could unlock up to $25 billion in demand.

Hong Kong's approval of the ETF products is seen as one of the biggest market-moving events

for cryptocurrencies and could establish Hong Kong as Asia's leading digital asset hub.

The Taun Foundation has teamed up with Hashke Group to drive crypto onramping in Telegram.

Hashke and the Foundation are focusing their partnership on Hong Kong in the first phase.

Ton started its life as a project by Telegram,

but was picked up by members of its community after the messaging

app abandoned the project due to legal action from the SEC.

Tahn's native token climbed around 1.7% in the hour following the announcement, down nearly

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