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International Business Times

Business

Marvie Basilan

Spot BTC, ETH ETFs To Begin Trading In Hong Kong Next Week

Bitcoin Hong Kong ETF Crypto Harvest James Seyffart Ethereum SFC

Hong Kong has fully authorized the first three issuers of spot Bitcoin and Ethereum ETFs. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

Three companies have so far been approved to issue spot BTC and ETH ETFs
A Bloomberg analyst noted that Harvest was "coming in hot" with the lowest fee so far
An X user said that with the latest development, Asia will now show the world "how it's done"

Hong Kong's Securities and Futures Commission (SFC) has officially approved several spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) that will start trading on April 30, after it conditionally approved the offerings earlier this month.

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