SFC Approves First Bitcoin and Ethereum Spot ETFs from Chinese Asset Manager Bosera

IconCrypto News Terminal24 Apr, 2024

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SFC Approves First Bitcoin and Ethereum Spot ETFs from Chinese Asset Manager Bosera

Chinese asset manager, Bosera Asset Management, has officially announced that the Bitcoin and Ethereum spot ETF it jointly applied for with Hong Kong cryptocurrency investment firm HashKey Capital has formally received approval from the Hong Kong Securities and Futures Commission (SFC). However, no specific launch date has been given as of yet. Previously on March 15, the SFC conditionally approved the issuance of Bitcoin and Ethereum spot ETFs applied by China Asset Management, Bosera Asset Management, HashKey Capital, and Harvest Global Investments. Cointelegraph previously reported that Harvest Global plans to launch Bitcoin and Ethereum spot ETFs in Hong Kong at the end of April.