It is anticipated that the occasion could draw in funds from Chinese investors, serving as an additional catalyst for the rise of these cryptocurrencies.

The approval of applications does not guarantee the launch of cryptocurrency ETFs in Hong Kong on April 15. Experts suggest that companies will require around two weeks to prepare investment products. Consequently, exchange-traded funds based on Bitcoin and Ethereum may commence operations by the end of April, as per their estimations.

As of now, there are three Bitcoin futures ETFs accessible to traders in Hong Kong: CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures. These funds' total assets are valued at roughly $170 million.

It's worth recalling that at the end of January, Harvest Fund filed an application to introduce a spot Bitcoin ETF in Hong Kong. Harvest Fund is among the largest investment firms in China, boasting assets valued at around $200 billion. $ETH $BTC #hongkong