China Asset Management: Obtained regulatory approval from Hong Kong! Plans to issue Bitcoin and Ethereum spot ETFs

Hong Kong has recently approved several applications for Bitcoin and Ethereum ETFs. This strategy is mostly considered to be Hong Kong’s attempt to regain its glory as an Asian financial center and then develop towards cryptocurrency-friendly development. Strange move. Hong Kong’s recent ETF approval is also seen as a catalyst for market optimism, unlike the Eastern power of Western ETFs.

China Asset Management Company Strategic Expansion

• China Asset Management

##One of China’s largest asset management companies, China Asset Management, announced that it The Hong Kong unit has received approval from the Hong Kong Securities and Futures Commission (SFC) to provide retail asset management services for cryptocurrency spot ETFs. The company will partner with OSL and BOCI to launch new Bitcoin and Ethereum spot ETFs. The move is expected to provide retail investors with a regulated and potentially more stable crypto investment option.

• Harvest Fund

Harvest Fund is also rumored to have acquired its two cryptocurrency spot ETFs approved in principle. The company’s partnership with OSL aims to address common issues faced by crypto investors, including high margin requirements. These ETFs will provide structural exposure to Bitcoin and Ethereum, giving both new and experienced investors a more direct path to crypto investing.

• Bosera Fund

Bosera Asset Management and HashKey Capital also received conditional approval from the SFC to launch two joint venture cryptocurrencies Spot ETFs.

Approved but no details

Although the details about "conditional approval" are not yet clear. What makes these products unique is that investors can create share transactions directly using physical Bitcoin and Ethereum, potentially simplifying the investment process.

Make Hong Kong Great Again

Boshi said that the launch of these virtual asset spot ETFs not only provides new asset allocation options, but also enhances Hong Kong’s reputation as a global financial center and virtual asset center. The launch of these ETFs is seen as key to bringing cryptocurrencies into mainstream finance, increasing Hong Kong’s appeal to international investors seeking diversified investment opportunities in the crypto space.

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