Hong Kong Bitcoin and Ethereum spot ETFs passed! Harvest Global Investments received approval in principle from the Securities and Futures Commission
Harvest Global Investments announced at noon that the Hong Kong Securities and Futures Commission has approved in principle Harvest's investment in two digital asset (BTC, ETH) spot ETF products.
Last week, Bloomberg quoted people familiar with the matter as saying that the Hong Kong Securities and Futures Commission is expected to approve Bitcoin spot ETF and Ethereum spot ETF at the same time as early as this week. And just around 14:00 this afternoon (15), the applicant Harvest Global Investments announced that the Hong Kong Securities and Futures Commission has approved in principle Harvest's investment in two digital asset (BTC, ETH) spot ETF products.
Harvest Global CEO and CIO Han Tongli said: This time Harvest's investment in two digital asset spot ETF products has been approved in principle, which not only highlights Hong Kong's competitive advantage in the field of digital assets, but also shows Harvest Global's unremitting pursuit in promoting industry innovation and meeting the diverse needs of investors.
This reflects our continued leadership and innovation in the field of blockchain assets and AI investment.
Cooperation with OSL Exchange
Harvest Investments said that the approved Bitcoin and Ethereum spot ETF products will cooperate with OSL, the first digital asset platform licensed and insured by the Hong Kong Securities and Futures Commission, to effectively solve problems such as excessive margin requirements, price premiums caused by the lack of short positions, and rolling losses, so as to more accurately reflect the real-time value of Bitcoin.
The Hong Kong market has officially joined the war. This time, Hong Kong's approval of the Ethereum spot ETF before the United States is a milestone, which is also equivalent to indirectly putting invisible pressure on the US Securities and Exchange Commission, which may accelerate the SEC's pace of passing the Ethereum spot ETF.
However, on the other hand, although Hong Kong is expected to have a Bitcoin spot ETF listed soon, whether Chinese users can buy and sell is one thing, and whether global users will choose (in the context of fierce competition among multiple ETFs in the United States) is another. What impact it will have on the market still needs to be continuously observed.
