Hong Kong approves spot Bitcoin, Ethereum ETFs by Bosera and HashKey

HashKey Capital and Bosera International have secured conditional approval from the Hong Kong Securities and Futures Commission (SFC) to offer spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. In a blog announcement on Apr. 15, HashKey said the ETFs “bridge the gap for traditional institutions to invest in virtual assets,” adding that the move will “significantly expand” mainstream and retail investors’ exposure to cryptocurrencies.

“We sincerely thank the Hong Kong regulators for their foresight and positive approach. The virtual asset management industry holds immense potential for transformation, and we are proud to be early participants in this innovative industry.”

HashKey Capital

HashKey also expects the approval to stimulate the development of the crypto market in Hong Kong and Asia, as it’s anticipated to “attract more global funds and enhance the market’s underlying vitality.” However, specific details regarding the launch date of the ETFs haven’t been disclosed.