Ethereum

2024

Bitcoin

Spot

Hong Kong just scored a big win in the world of cryptocurrency. The Securities and Futures Commission (SFC) gave a thumbs up for trading Bitcoin and Ethereum ETFs, making Hong Kong the pioneer in offering Ethereum ETFs, leaving the US still in the decision-making phase. 
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 HK etf approval means btc and eth are becoming mainstream assets that even your mother could buy from a bank. This is a game changer.— Joseph Young (@iamjosephyoung) <a href="https://twitter.com/iamjosephyoung/status/1779756178932908501?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 15, 2024</a>
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Big players like <a href="https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q" target="_blank" rel="noreferrer noopener" data-wpel-link="external">China Asset Management</a>, Bosera Capital, and Hashkey Capital Limited got the green light from the SFC to launch Bitcoin and Ethereum ETFs. Now, investors can dive into these ETFs and own a piece of Bitcoin and Ethereum directly. 
China Asset Management’s Hong Kong branch got a nod from the Hong Kong SFC to provide retail asset management services for spot crypto ETFs. They aim to launch ETFs for Bitcoin and Ethereum in partnership with OSL and BOCI International. <a href="https://osl.com/press-release/osl-appointed-first-exchange-sub-custodian-china-amc-spot-btc-eth-etf-hong-kong/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">OSL</a> will serve as the “first virtual asset trading and sub-custodian partner” for these ETFs. 
Bosera Asset Management and Hashkey Capital have just received conditional approval from the SFC for their spot crypto ETFs. These innovative products, the Bosera HashKey Bitcoin ETF and the Bosera HashKey Ether ETF, empower investors to easily use Bitcoin and Ethereum to subscribe for ETF shares. 
Harvest Global Investments receives preliminary approval from the SFC for two significant digital asset spot ETFs.&nbsp; 
Mr. Tongli Han, CEO and CIO of Harvest Global Investments, said, “This in-principle approval for Harvest Global Investments’ products in two major digital asset spot ETFs not only underscores Hong Kong’s competitive edge in the digital asset space, but also demonstrates our unrelenting pursuit of promoting innovation in the industry and meeting diversified investor needs.” 
These ETFs are scheduled for launch via a collaboration with OSL Digital Securities, the first digital asset platform licensed and insured by the SFC. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/12/hong-kong-bitcoin-etfs-may-reach-25b-in-demand/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Hong Kong Bitcoin ETFs May Reach $25B in Demand</a> 
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Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs

The Crypto Times

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