Before the launch of spot cryptocurrency ETFs in Hong Kong, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market.
The cryptocurrency community is eagerly awaiting a significant industry event happening tomorrow: Hong Kong is poised to launch trading for spot exchange-traded funds (ETFs) tied to physical Bitcoin (BTC) and Ether (ETH) cryptocurrencies.
Three Chinese firms — China Asset Management, Bosera Asset Management and Harvest Global Investments — are expected to launch crypto ETFs through their Hong Kong subsidiaries on the Hong Kong Stock Exchange (HKEX) on April 30.
The event will mark another milestone in developing regulated crypto investment products and ETFs worldwide, following a historic launch of spot Bitcoin ETFs in the United States in January 2024.