6 virtual asset spot ETFs in Hong Kong officially listed today

On April 30th, Hong Kong officially listed 6 virtual asset spot ETFs, including Bosera Bitcoin, Bosera Ethereum ETF, Huaxia Bitcoin, Huaxia Ethereum, Harvest Bitcoin, and Harvest Ethereum. Analysts predict that the assets under management of these ETFs are expected to reach $1 billion in the future. The CEO of the Hong Kong Stock Exchange stated that these ETFs will further enrich Hong Kong's product line, attract more investors to participate in the Hong Kong market, and enhance Hong Kong's competitiveness as an international asset management center. This is the first time in the Asian market that virtual asset spot ETF products have been launched, confirming Hong Kong's leading position in the development of virtual assets. At the same time, the Securities and Futures Commission has established a more comprehensive regulatory framework compared to other regions to address potential risks. In the future, it will also promote the development of the virtual asset market and facilitate market diversity