Hong Kong to Start Offering Bitcoin and Ether ETFs Trading on April 30

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On April 24, the Securities and Futures Commission (SFC) in Hong Kong officially approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs).

These ETFs, including China Asset Management’s (ChinaAMC) offerings, will begin trading on April 30.

ChinaAMC head of digital assets and family office business, Thomas Zhu, believes that the in-kind feature and regulated framework make these ETFs a safer and more convenient investment option for both retail and institutional investors.

This launch comes as Hong Kong sees increased adoption of ETFs by both institutional and retail traders.

On April 2, a total of three Bitcoin and three Ether-based spot BitcoinETFs are expected to be launched in Hong Kong.