Ethereum

Bitcoin

Giant

Spot

<p>At a recent press briefing, Zhu Haokang, head of digital asset management and family wealth at ChinaAMC, shared his views ahead of the launch of the Hong Kong Spot Bitcoin and Ether ETFs tomorrow. Wayne Huang, head of ETF and custody at cryptocurrency exchange OSL, also attended the briefing.</p>
<p>Zhu expressed confidence that the initial listing scale of Hong Kong's virtual asset spot ETF, worth more than $125 million, could exceed the first-day issuance scale in the United States. He was referring to the $125 million issuance scale of 10 US Bitcoin spot ETF issuers on the first day of January 10 this year. Zhu also expressed his belief that Huaxia will be the largest ETF issuer among the three issuers.</p>
<h2 id="differences-between-etfs">Differences Between ETFs</h2>
<p>Zhu also pointed out the differences between Spot China Bitcoin ETF, Spot China Ethereum ETF and other ETFs. The first difference is that compared to the US spot Bitcoin ETF, they have spot and physical subscriptions and redemptions, which the US spot Bitcoin ETF does not.</p>
<h2 id="access-for-china-mainland-investors">Access for China Mainland Investors</h2>
<p>Currently, investors in mainland China are not allowed to invest in Hong Kong's cryptocurrency spot ETFs, according to Zhu. Hong Kong's qualified investors, institutional investors, individual investors and regulated international investors can all invest in cryptocurrency spot ETFs.</p>
<p><b>Related News: <a href="https://en.bitcoinsistemi.com/big-day-tomorrow-bitcoin-and-ethereum-spot-etfs-launch-in-hong-kong-hard-to-believe-us-claim-from-one-of-the-companies/" target="_blank" rel="noopener noreferrer nofollow">Big Day Tomorrow: Bitcoin and Ethereum Spot ETFs Launch in Hong Kong - Hard to Believe US Claim from One of the Companies</a></b></p>
<h2 id="impact-of-us-regulations">Impact of US Regulations</h2>
<p>When asked about the potential impact of the United States designation of Ethereum as a security on Hong Kong's Ethereum spot ETF, Wayne Huang stated that it would likely not impact the ETF. He explained that the Hong Kong Securities Regulatory Commission has its own procedures to determine whether a particular virtual asset is a security and whether it can be opened to individual investors.</p>
<p>Zhu concluded by stating that based on the analysis of various factors, they believe that cryptocurrency ETFs will be beneficial to cryptocurrency prices.</p>
<p>*This is not investment advice.</p>
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/two-executives-from-giant-chinese-companies-talk-about-tomorrows-bitcoin-and-ethereum-spot-etfs/" rel="noopener noreferrer nofollow">Two Executives from Giant Chinese Companies Talk About Tomorrow’s Bitcoin and Ethereum Spot ETFs</a></b></p>

Two Executives from Giant Chinese Companies Talk About Tomorrow’s Bitcoin and Ethereum Spot ETFs

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