Hong Kong approves $BTC and $ETH spot ETFs.

The Hong Kong Securities and Futures Commission approved Bitcoin and Ethereum spot ETF applications from leading financial institutions including China Asset Management, Bosera Capital and HashKey Capital Limited on Monday.

The approval comes on the eve of the Bitcoin halving event, adding optimism to the cryptocurrency market. The launch of these spot ETFs is expected to enhance the liquidity and stability of the Bitcoin and Ethereum markets, providing investors with new opportunities to participate in the digital economy.