After a long wait, the rumors about spot Bitcoin and Ethereum ETFs have finally made new progress.
Recently, the Hong Kong subsidiaries of Harvest Fund, Bosera Fund and China Asset Management have all obtained the principle approval of the Hong Kong Securities Regulatory Commission to issue virtual asset spot ETF products, including Bitcoin and Ethereum. This means that these fund companies will be able to provide investment channels for Bitcoin and Ethereum in the Hong Kong market.
At the same time, overseas virtual currency-related ETFs are also developing rapidly. At the beginning of this year, the United States has approved the listing of the first batch of 11 spot Bitcoin exchange funds, and these ETFs have been favored by a large amount of funds. Among them, the largest Bitcoin spot ETF has attracted nearly US$15 billion in capital inflows.
However, direct investment in Bitcoin still has great risks. The volatility of Bitcoin prices is extremely high. For example, it has recently experienced a sharp drop, causing many investors to suffer heavy losses.
In contrast, investing in Bitcoin and Ethereum through ETFs may be more stable. As an investment tool, ETFs have the advantages of convenient trading, good liquidity, high security, and can reduce the risk of direct investment in virtual currencies.
For ordinary investors, investing in Bitcoin and Ethereum by purchasing virtual asset spot ETF products may be a more ideal choice. The launch of these fund companies' products will undoubtedly provide investors with more investment options and convenience.
In short, the launch of virtual asset spot ETFs is an important milestone in the development of the market. It will bring more investment opportunities and choices to investors, and will also promote the further development and maturity of the virtual currency market.
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