Hong Kong approves the first spot Bitcoin and Ethereum ETFs, set to begin trading on April 30, 2024.
Anticipated “fee war” in cryptocurrency ETFs could lead to competitive pricing and market growth.
The Securities and Futures Commission (SFC) of Hong Kong has officially greenlit the first spot-based Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), as announced on the SFC’s website. Managed by Harvest Global Investments, China Asset Management (ChinaAMC), and a consortium of Bosera Asset Management and HashKey Capital, these ETFs are poised to transform Hong Kong into a leading hub for digital assets in Asia.
Notably, HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, has reported a trading volume of $4.8 billion, securing its position among the top 20 exchanges listed on Coingecko. This significant development was highlighted in a CNF YouTube video released today, which discusses the details of the approval and its implications for Asia’s

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