“ The Hong Kong Securities and Futures Commission (SFC) announced that it has approved spot Bitcoin and Ethereum ETFs managed by China Asset Management, Bosera Capital and Hashkey Capital Limite, and Harvest Global Investments.”

The fact that, in addition to Bitcoin ETF trading, Ethereum-based ETFs will also begin trading, has become a matter of excitement for the cryptocurrency markets. While spot ETF applications continue to be postponed, especially in the USA, ETH ETF trading in Hong Kong will be carefully monitored during this period.

Some experts expressing their opinions on the subject stated that they expect spot ETH ETFs to attract a lot of interest. Experts say that Ethereum-based investment products will have some advantages, and think that while there are alternative investment tools such as related stocks in the Bitcoin market, the lack of options for Ethereum investment will positively affect the demand for ETFs.

Source; investingcom