Hong Kong Spot Bitcoin, Ethereum ETFs Go Live, Issuers Expect Huge Launch Day

Hong Kong is open for business as its bourse now includes spot Bitcoin and the world’s first spot Ethereum ETFs, which went live at 09.30 local time.Three ETF issuers have listed products – China Asset Management, Bosera Asset Management, and Harvest Global Investments under the tickers CAM, BOS, and HGI, respectively.Bloomberg, “We can continue to go into the physical spot asset, maybe composite types of products, eventually getting into maybe levered and inverse types of strategies.

ETF issuers are confident that the products will be a big hit in the region. The head of digital asset management firm China Asset Management, Zhu Haokang, thinks Hong Kong’s launch day will be larger than America’s. At a press briefing on April 29, he “Judging from the numbers, the transactions are indeed far greater than the capital inflow of the U.S. Bitcoin spot ETF on its first day of trading,” commented Wayne Huang, head of custody firm OSL ETF, on the first day of raising funds.Meanwhile, PointVille founder Gabor Gurbacs said that the East-West Bitcoin ETF competition is heating up, and Hong Kong wouldn’t

Source: Digital Coin News (digitalcoinnews.net)

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