The Bitcoin ETF and Ethereum ETF HongKong will start at the end of the month
Recently SFC Hong Kong approved several Bitcoin ETFs and Ethereum ETH funds in the city. These include Bosera Hashkey Bitcoin ETF, Bosera Hashkey Ether ETF, China AMC Bitcoin ETF, China AMC Ether ETF, Harvest Bitcoin Spot ETF and Harvest Ether Spot ETF. A Hashkey spokesperson confirmed that these ETFs will begin trading on April 30.
China Asset Management (China AMC) has also confirmed this. Thomas Zhu, head of digital assets and head of family office business at China AMC, stated that the company anticipates strong demand for these crypto funds.
Thoughts on ETFs
AMC China CEO said on Wednesday. “Bitcoin and ether ETFs provide investors with a safe Investment Vehicles . It will help them invest in virtual assets within the regulatory framework.” “These funds also provide ease of converting coins to ETFs. These funds are managed by professional fund managers and custodians.”
He added:
“ETF adoption is growing in the Hong Kong market. We expect strong demand for our services.”
The press release further notes that in line with Hong Kong's goal of building a dynamic Web3 environment, China AMC affirms that it is ready to create innovative investment options and strategic differentiation to support helping clients achieve their investment goals in this emerging asset class.
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