The Hong Kong Securities and Futures Commission may approve the first batch of virtual currency ETFs all at once by the end of April

ChainCatcher news, three domestic fund companies, Harvest International, Huaxia Fund, and Bosera Fund, respectively stated their plans to launch Bitcoin and Ethereum spot ETFs, which have the opportunity to become the world's first Ethereum spot ETFs. Reports indicate that the Securities and Futures Commission (SFC) is expected to approve the first batch of virtual currency ETFs all at once by the end of April, similar to the approval of 11 Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) in January this year.

In response to our inquiry, the SFC stated that investment products recognized by the SFC will be listed on the publicly available investment products list on the SFC's website. The SFC further pointed out that if the applied ETF products generally meet the SFC's requirements, a conditional authorization letter will be issued, but they still need to comply with various conditions, including paying relevant fees, submitting documents, and obtaining listing approval from the Hong Kong Stock Exchange (0388). It is believed that the relevant fund companies will next submit applications to the Hong Kong Stock Exchange.