TechFlow reports, according to the Securities Times, that six spot virtual asset currency ETFs from China Asset Management (Hong Kong), Boshi International, and Harvest Fund Management have received approval from the Hong Kong Securities and Futures Commission. These ETFs launched their initial offering on April 29 and officially listed on the Hong Kong Stock Exchange on April 30.
Given that Bitcoin and Ether are virtual assets, to avoid confusion, these ETFs will allocate 100% of their assets to Bitcoin or Ether, with no investments in other asset types. They will not invest in financial derivatives for any purpose, nor engage in securities lending, repurchase or reverse repurchase transactions, and are prohibited from using any form of leverage. A small amount of cash may be held solely for covering operational expenses or meeting redemption requests.
