On April 15, Hong Kong took a significant step in the cryptocurrency market by authorizing the launch of spot exchange-traded funds (ETFs) for Bitcoin and Ether. The Hong Kong Securities and Futures Commission (SFC) granted conditional approval for the country’s inaugural spot BTC and ETH ETFs, as per a report by Reuters. This groundbreaking move involves at least three offshore Chinese asset management firms, including the Hong Kong branches of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC). These firms are poised to introduce their spot Bitcoin and Ether ETFs shortly. The collaboration for these launches includes
