Hong Kong to Launch Spot Bitcoin and Ether ETFs on April 30

The newly approved exchange-traded funds will provide investors with regulated options for cryptocurrency investments.

Hong Kong's Securities and Futures Commission has officially approved the first batch of spot Bitcoin and Ether ETFs.
Six crypto-based spot ETFs, including three Bitcoin and three Ether funds, will begin trading on April 30.
The ETFs will be managed by major firms like China Asset Management and Harvest Global, featuring an 'in-kind' creation model.
This model allows for the creation of ETF shares using actual cryptocurrencies, contrasting with the cash-only model used in the U.S.
Analysts predict these ETFs could attract significant investment, despite a smaller expected market compared to U.S. counterparts.