Huaxia Spot Bitcoin and Ethereum ETFs Approved by Hong Kong's Securities and Futures Commission, 18 Funds in Hong Kong Can Manage Cryptocurrency Assets

ChinaAMC Funds (Hong Kong) announced today that ChinaAMC Bitcoin ETF and ChinaAMC Ethereum ETF have been approved by the Securities and Futures Commission (SFC) of Hong Kong, and are proposed to be launched on April 29, 2024 and listed on the Hong Kong Stock Exchange on April 30, 2024....

In fact, as early as April 10, the Hong Kong Securities and Futures Commission updated the list of fund companies for virtual asset management on its official website, adding Harvest International and Huaxia Funds (Hong Kong), i.e., on top of the original traditional asset management business of these public funds, a new virtual asset management business has been added. This is the first time such products have been launched in the Asian market, and these two products aim to provide investment returns (before fees and expenses) that closely match the spot price of bitcoin and ethereum.

According to Haokang Zhu, Head of Digital Asset Management and Family Wealth Management at China Asset Management (Hong Kong), "The launch of the Asian Spot Bitcoin and Ethereum ETFs provides retail and institutional investors with an excellent tool for allocating digital assets in a safe, efficient and convenient manner.

The official website of the Hong Kong Securities and Futures Commission (SFC) shows that a total of 18 funds in Hong Kong are now allowed to carry out asset management in the "cryptocurrency ring", and Harvest International and Huaxia Funds are among the first batch of public funds in Hong Kong to enter the list of "cryptocurrency ring".

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