Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Hong Kong regulators greenlight spot bitcoin and ether ETFs
    HK bitcoin ether approval
    HK bitcoin ether approval
    Blockchain

    Hong Kong regulators greenlight spot bitcoin and ether ETFs

    By Sylvia ShenApril 16, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Hong Kong regulators have greenlit the launch of spot bitcoin and ether exchange-traded funds (ETFs), aligning with efforts in the US to introduce similar products this year.
    • The Securities and Futures Commission (SFC) of Hong Kong has granted licences to three ETF providers, including ChinaAMC, Harvest Global, and Bosera International.
    • Hong Kong positions itself as a regulated crypto hub amidst China’s trading ban, bolstering its status with virtual asset ETFs.

    Hong Kong regulators authorised the introduction of spot bitcoin and ether exchange-traded funds (ETFs) on Monday, in line with US efforts to introduce similar products into the market this year.

    Regulatory nods

    The Securities and Futures Commission (SFC) of Hong Kong has licenced three ETF providers, including ChinaAMC, Harvest Global and Bosera Interntaionl.

    ChinaAMC, an integrated asset management company, confirmed that it had obtained regulatory approval for offering “virtual asset management services” and is currently in the process of actively allocating resources towards developing a spot bitcoin and ether ETF.

    According to the SFC, if an ETF application satisfies all of its standards, it will be granted a conditional authorisation letter, subject to certain prerequisites such as fee payments, document submissions, and listing permission from the Hong Kong Stock Exchange (HKEX).

    Also read: Bitcoin price forecast: 5 experts look to 2024 and beyond

    Harvest Global and Bosera International, two other asset management firms based in Hong Kong, have officially acknowledged the SFC approval in their statements. Despite obtaining approval for the ETFs, these asset managers have not yet commenced their launch.

    Hong Kong’s bid to become a crypto hub

    Mainland China has implemented stringent measures to outlaw cryptocurrency trading within its borders following a severe crackdown in 2021. However, Hong Kong has been positioning itself as a regulated crypto hub in locations such as Dubai and Singapore.

    Also read: Who is Satoshi Nakamoto? The hunt for bitcoin’s elusive founder

    According to Bosera Asset Management in its statement: “The introduction of the virtual asset spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong’s status as an international financial centre and a hub for virtual assets.”

    Hong Kong nears approval for ether ETF

    Hong Kong might soon be one of the first places worldwide to approve an ether ETF. In contrast, the U.S. Securities and Exchange Commission hasn’t decided yet about this type of product.

    Bosera International ChinaAMC Harvest Global Hong Kong SFC
    Sylvia Shen

    Sylvia Shen is an editorial assistant at Blue Tech Wave specialising in Fintech and Blockchain. She graduated from the University of California, Davis. Send tips to s.shen@btw.media.

    Related Posts

    Can AFRINIC still be trusted to govern Africa’s IP resources?

    July 9, 2025

    How AFRINIC tracks and reclaims bogus IP registrations

    July 9, 2025

    Police crack down on stablecoin scams in China

    July 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.