Big news! Hong Kong spot Bitcoin and Ethereum ETFs are about to open, with a unique structure that makes their US counterparts far behind!

Hong Kong's spot Bitcoin and Ethereum ETFs will debut on April 30. This time, they are not simply copying the US model, but with a unique and innovative structure that will attract global attention!

According to Cointelegraph, this batch of ETFs in Hong Kong is different because they have been approved by Hong Kong regulators and are about to debut! This is a major milestone!

A report from China Asset Management revealed that these ETFs will closely track the Chicago Mercantile Exchange's cryptocurrency index, making your investment more accurate! Moreover, you can choose fiat currency or cryptocurrency funds when redeeming, which is extremely flexible! What's more, China Asset Management's cryptocurrency ETF actually supports three currencies: US dollars, Hong Kong dollars and RMB, which is really convenient!

Moreover, this time, Bank of China Prudential and cryptocurrency exchange OSL will serve as custodians of the ETF. The two companies will also host Bitcoin and Ethereum ETF spot assets for issuer Harvest Global. This means that your investment will be safer and more stable.

At the same time, Hong Kong's local HashKey Capital will also join hands with Boshi Asset Management to launch Bitcoin and Ethereum spot ETFs, giving investors more choices.

The approval of Hong Kong's spot virtual asset ETF this time also innovatively introduced a currency subscription mechanism, allowing you to subscribe to ETF shares directly with Bitcoin and Ethereum, which is so cool! This is not only expected to promote the development of the virtual asset market in Hong Kong and even Asia, but may also attract more global capital inflows.

What is even more exciting is that Eric Balchunas, senior ETF analyst at Bloomberg, revealed that the management fee of Hong Kong Bitcoin ETF will be between 0.3% and 0.99%. Although it is higher than some spot Bitcoin ETFs in the United States, considering the innovation and service quality here, this fee is simply worth it.

This time, Hong Kong's spot Bitcoin and Ethereum ETFs are not only unique in structure, but also bring many innovations and conveniences, giving investors more choices and opportunities.

ETH funds are obviously involved. Hong Kong ETH ETF will be open for purchase at the end of the month. The approval of the US ETH ETF is likely to be approved. Many big names in the currency circle have begun to purchase ETH in large quantities. It is expected that ETH will usher in a wave of surges in May.