Hong Kong welcomes the first batch of cryptocurrency spot ETFs! Approval of Ethereum spot ETF earlier than the United States

Hong Kong welcomed the first batch of cryptocurrency spot ETFs. Not only did it approve Ethereum spot ETFs earlier than the United States, it even allowed the subscription and redemption of ETFs in "kind", taking the lead in At the forefront of developments in the cryptocurrency space. On April 15, "Boshi Fund (International) and HashKey Capital", "China Asset Management (Hong Kong) and OSL Digital Securites" respectively announced that they had received approval from the Hong Kong Securities Regulatory Commission to allow the issuance of Bitcoin and Ethereum spot ETFs; while Harvest International It stated that it has been approved to invest in two major cryptocurrency spot ETF products.

Bosera Fund (International) and HashKey Capital cooperate

According to the official announcement, the Hong Kong Securities Regulatory Commission has conditionally approved "Bosera Fund (International) and HashKey Capital" to jointly issue and manage two cryptocurrency spot The ETFs are "Boshi HashKey Bitcoin ETF" and "Boshi HashKey Ethereum ETF".

These two ETFs are expected to be listed on the Hong Kong Stock Exchange, tracking the prices of Bitcoin and Ethereum respectively, and adopting a "physical" subscription and redemption mechanism, allowing investors to directly use Bitcoin and Ethereum to subscribe. ETF shares.

The official statement pointed out that Boshi International and HashKey Capital will give full play to their leading expertise and ecological resources in the traditional finance and cryptocurrency industries to jointly promote the issuance of Bitcoin and Ethereum spot ETFs and provide investors with A safe, compliant, and convenient way to directly participate in the Bitcoin and Ethereum markets.

China Asset Management (Hong Kong) and OSL Digital Securites join forces

At the same time, the Hong Kong subsidiary of China Asset Management Company, a large Chinese asset management company, also announced that it has obtained approval from the Hong Kong Securities Regulatory Commission to invest in Provides virtual asset management services and is planning to issue ETF products that can invest in Bitcoin and Ethereum spot.

China Asset Management (Hong Kong) stated that it will study and deploy this with its partner OSL Digital Securities and the custodian Bank of China International Prudential Trust Co., Ltd. In addition, OSL is the exclusive trading and custody partner of China Asset Management to launch Bitcoin and Ethereum spot ETFs in Hong Kong.

Harvest International is approved to invest in two major cryptocurrency spot ETFs

On the other hand, Harvest International announced today (15th) that the Hong Kong Securities and Futures Commission has approved in principle Harvest’s investment in two major cryptocurrency spot ETFs ETF products. Harvest International CEO and Chief Investment Officer Han Tongli said: This time Harvest’s investment in two major digital asset spot ETF products has been approved in principle, which not only highlights Hong Kong’s competitive advantages in the field of digital assets, but also demonstrates Harvest International’s role in promoting industrial innovation and The unremitting pursuit of meeting the diverse needs of investors. This reflects our continued leadership and innovation in the areas of blockchain assets and AI investing.

Harvest International pointed out that the company’s investment in the two major cryptocurrency spot ETF products will be conducted through OSL Digital Securities, effectively solving problems such as excessive margin requirements, price premiums caused by missing short positions, and roll losses, thus More accurately reflects the real-time value of Bitcoin.

As of the time of writing, the Hong Kong Securities Regulatory Commission has not officially announced the approval of the above-mentioned cryptocurrency spot ETF products, and it is believed that the Hong Kong asset management company Yibo Financial ( VSFG) and Value Partners have not made any statements to the public.

ETF listing time

According to previous reports, after the Hong Kong Securities and Futures Commission approved the first batch of cryptocurrency spot ETFs on April 15, the Hong Kong Stock Exchange will need about 2 weeks to prepare for product listing and other matters. , but as the issuer and the Hong Kong Stock Exchange have conducted detailed communication and planning in advance, it is expected to be completed in about 10 days.

In other words, these ETFs will be listed in Hong Kong around April 25, and no later than the end of April.

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