💥💥The first batch in Asia, Huaxia Bitcoin ETF and Huaxia Ethereum ETF will be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30

Huaxia Bitcoin ETF and Huaxia Ethereum ETF have been approved by the Hong Kong Securities and Futures Commission (SFC) and are scheduled to be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30.

This is the first time such products have been launched in the Asian market. The two products aim to provide investment returns that closely follow the spot prices of Bitcoin and Ethereum (before deducting fees and expenses).

Compared with physical cryptocurrencies, Hong Kong's spot cryptocurrency ETFs are recognized by regulators, listed on traditional exchanges, managed by professional fund companies, and regulated by cooperating cryptocurrency exchanges. The world's first physical subscription and redemption mechanism is expected to attract crypto asset investors who convert physical cryptocurrencies into ETF products.

Huaxia Fund Hong Kong is a wholly-owned subsidiary of Huaxia Fund. It has been established in Hong Kong for 16 years and is the top Chinese fund company in Hong Kong. In the overall ETF market in Hong Kong, it ranks in the top four and manages several of the world's largest or Hong Kong's largest ETFs.