Bloomberg: Hong Kong will approve Bitcoin and Ethereum spot ETFs as early as next Monday

BlockBeats news, April 12, according to Bloomberg, Hong Kong will approve Bitcoin and Ethereum spot ETFs as early as next Monday. People familiar with the matter said that the international subsidiaries of China Harvest Fund Management Co., Ltd., and the company that Bosera Fund Management (International) Co., Ltd. cooperated with HashKey Capital, are expected to be approved to issue Bitcoin and Ethereum spot ETFs. Once approved by the Hong Kong Securities and Futures Commission and finalized the listing details with the Hong Kong Stock Exchange, both companies intend to launch Bitcoin and Ethereum ETFs at the end of this month. People familiar with the matter also said that the regulator may approve the decision as early as Monday. This timetable is not fixed and may still change at the last minute. Spokesmen for the Securities and Futures Commission and Harvest declined to comment. The Hong Kong Stock Exchange, HashKey and Bosera did not immediately respond to requests for comment. Earlier this week, it was reported that Harvest is expected to obtain permission to launch a spot Bitcoin ETF in Hong Kong. On April 9, the Hong Kong Securities and Futures Commission approved Harvest Fund and China Asset Management to provide virtual asset-related fund management services. A spokesperson for China Asset Management declined to comment on the authorization.