Hong Kong debuts Bitcoin and Ethereum spot ETFs today.
Ethereum according to officials is not a security under Hong Kong laws.
According to reports, the spot Bitcoin (BTC) and  Ethereum (ETH) Exchange-Traded Fund (ETF), which began as speculation commenced trading Today in Hong Kong. This development has established a new precedent for both BTC and ETH, as they aim for fresh all-time highs.
Bitcoin and Ethereum ETF Trading Begins in Hong Kong
A report from Wu Blockchain revealed that three Bitcoin and Ethereum spot ETFs in Hong Kong have officially started trading. Notably, the ETF is also open to non-Hong Kong residents as long as they satisfy local regulatory requirements such as completing customer due diligence.
ChinaAMC said its IOP (initial offering period) scale today is: HK$950 million for ChinaAMC HongKong Bitcoin ETF; HK$160 million for ChinaAMC Ethereum ETF, totaling approximately US$142 million. Bitcoin ETF is about 6x larger than Ethereum. https://t.co/9hgicVWsKc
— Wu B

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