Crypto Wave Revolution: Hong Kong Sets Sail with Ethereum-ETF on the Horizon!

Hong Kong could launch a spot Ethereum-ETF as early as this summer

Hong Kong-based financial services company Venture Smart Financial Holdings Ltd. (VSFG) is preparing to apply for a spot Ethereum-ETF in anticipation of the potential launch of its spot bitcoin-ETF.

VSFG chairman Lawrence Chu said the firm is in the final stages of formally filing an application for a spot bitcoin-ETF with the Securities and Futures Commission of Hong Kong.

Chu said the company plans to file for an Ethereum-ETF in the second quarter, provided its spot bitcoin ETF is approved and registered in the first quarter.

📌 Last month, Livio Weng, chief operating officer of Hong Kong-based exchange HashKey, said about 10 fund companies have started exploring the launch of potential spot crypto-ETFs.

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