Hong Kong Securities and Futures Commission may approve the first batch of virtual currency ETFs at the end of April
According to reports, three Chinese fund companies, Harvest Global, China Asset Management and Bosera Asset Management, plan to launch Bitcoin and Ethereum spot ETFs, which are expected to become the first companies in the world to launch Ethereum spot ETFs. It is reported that the Securities and Futures Commission is expected to approve the first batch of virtual currency ETFs at the end of April, similar to the approval of 11 Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in January this year.
In response, the Securities and Futures Commission said that investment products approved by it will be listed on the list of investment products for public sale on its website. The Securities and Futures Commission stated that if the ETF product applied for generally meets its requirements, a conditional authorization letter will be issued, but the applicant company still needs to comply with various conditions, including paying relevant fees, submitting documents, and obtaining listing approval from the Hong Kong Stock Exchange (0388). The relevant applicant fund companies are expected to submit applications to the Hong Kong Stock Exchange.
