CoinVoice has recently learned that three Chinese fund companies, Harvest Global, China Asset Management and Bosera Asset Management, have expressed plans to launch Bitcoin and Ethereum spot ETFs, which have the opportunity to become the world's first Ethereum spot ETFs. It is recently learned that the China Securities Regulatory Commission is expected to approve the first batch of virtual currency ETFs at the end of April, similar to the approval of 11 Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in January this year.
In response to our inquiry, the SFC stated that investment products approved by the SFC will be listed on the list of investment products for public sale on the SFC's website. The SFC further pointed out that if the ETF product applied for generally meets the SFC's requirements, a conditional authorization letter will be issued, but various conditions must still be met, including payment of relevant fees, submission of documents, and obtaining listing approval from the Hong Kong Stock Exchange (0388). It is believed that the relevant fund company will submit an application to the Hong Kong Stock Exchange in the next step. [Original link]