Hong Kong approves first batch of Spot Bitcoin ETF

China Asset Management, a major Chinese asset management company, said its Hong Kong unit has received approval from the Hong Kong Securities and Futures Commission to provide asset management services. retail products involving spot cryptocurrency ETFs. It plans to issue spot bitcoin and ether ETFs in collaboration with OSL and BOCI International.

➡️ The company said in a statement that two Harvest Global Investments spot cryptocurrency ETFs have also received in-principle approval from the SFC.

➡️ Bosera and HashKey will also work together to launch a spot bitcoin ETF, Bosera HashKey Bitcoin ETF, and a spot Ether ETF, Bosera HashKey Ether ETF. These two ETFs are expected to allow investors to subscribe to ETF shares directly with bitcoin and ether. They did not reveal the launch date.

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