Hong Kong is scheduled to introduce its first spot Ethereum and Bitcoin exchange-traded funds (ETFs) on April 30 after receiving approval from the Securities and Futures Commission (SFC).
To attract both retail and institutional investors, these exchange-traded funds (ETFs), which are managed by Bosera-HashKey Capital and China Asset Management (ChinaAMC), will offer a regulated investment channel for cryptocurrencies.
An approach not currently employed in the US, the ETFs’ in-kind creation model will enable the direct exchange of cryptocurrency for ETF shares.
Hong Kong’s decision to launch these ETFs is a calculated attempt to maintain its position as a global leader in digital assets and to take advantage of the growing interest in cryptocurrency investments.
It comes after spot Bitcoin ETFs were approved and introduced in the United States, the largest economy in the world, setting off a record-breaking price surge for cryptocurrencies.
Since the ETFs were introduced in the United States in January, the price of bitcoin has risen to a new all-time high of US$73,737.
At 1:30 PM ET, it was trading at US$65,044, down 2.5% for the day. Ethereum is down 1.4% at $3,182 US, based on data from CoinGecko.
It usually starts with something small—a haircut before a function, a facial before a festival,… Read More
Rising awareness among parents and policy support under NEP 2020 are driving demand for organized… Read More
Zagreb, March 2026 – Credavi, a Croatian online loan provider, today celebrated its first anniversary by… Read More
Pune, India – In a digital landscape where AI-first press release distribution is redefining how… Read More
Rising housing costs have become a defining challenge for many American families, reshaping where and… Read More
Image source: Unsplash Child abuse and neglect remain pressing concerns within healthcare, requiring a vigilant… Read More
