Yes, or alternatively send BTC to ETF and receive shares. The later is important if you have a 401K/IRA and want to get BTC ETF shares inside your 401k/IRA....

The US, by forbidding in-kind, intentionally creates needless taxable income transactions....I'm sure thats not a bug

freetx

So...this means you can actually take bitcoin off the Hong Kong ETF, and take custody of it yourself?

Signal312

bitcoin

Hong Kong Bitcoin ETF approval is another milestone on Bitcoin's march to $1 M

dzsobacsi

An interesting aspect, is that they are allowing in-kind redemption. 

I think this is huge and was the crippling blow Gary gave to US ETFs. 


EDIT:

I have a side-theory that this is more focused on capturing sovereign wealth fund money rather than chinese mainland retail. The rumored Qatar $500B buy will likely happen in HK and not in USA due to the maniacal  destruction of rules-based-law that US politicians have engaged in. 
