Hong Kong media: It is expected that the Hong Kong Securities and Futures Commission will approve the first batch of virtual currency ETFs by the end of April

According to BlockBeats, on April 16, according to Hong Kong media Ming Pao, regarding the approval of Bitcoin and Ethereum spot ETFs, the Hong Kong Securities and Futures Commission pointed out that if the ETF products applied for generally meet the requirements of the Commission, a conditional authorization letter will be issued, but various conditions must still be complied with, including payment of relevant fees, submission of documents, and listing approval from the Hong Kong Stock Exchange. It is believed that the relevant fund companies will submit applications to the Hong Kong Stock Exchange in the next step. At the same time, the report pointed out that the Hong Kong Securities and Futures Commission is expected to approve the first batch of virtual currency ETFs at the end of April.