Trading Begins: Hong Kong ETFs Launch with Confidence Amid Speculation on ETH's Regulatory Status in the US

2024/04/30 11:26

Despite the looming possibility of the United States classifying Ether (ETH) as a security, exchange-traded fund (ETF) issuers in Hong Kong remain undeterred as they prepare to introduce spot crypto ETFs.

During a press conference on April 29, on the eve of the ETF launch, representatives from China Asset Management and OSL Digital Securities addressed inquiries about the new investment products. Notably, they discussed the potential impact of the U.S. designating Ether as a security.

Wayne Huang of OSL Digital Securities expressed confidence, stating that such a classification by the United States would not sway the decision-making of the Hong Kong Securities Regulatory Commission. He emphasized that Hong Kong has its own procedures for assessing crypto assets' status as securities and their accessibility to retail investors.

Highlighting the regulatory clarity in Hong Kong compared to the United States, Huang explained that the multi-agency approach to crypto regulation in the U.S. contrasts with Hong Kong's clear stance on assets like Ethereum, which is considered non-security along with Bitcoin.

China Asset Management, Bosera Asset Management, and Harvest Global Investments have launched crypto ETFs through their Hong Kong subsidiaries on April 30. OSL Digital Securities, serving as the virtual asset trading and sub-custodian partner, further solidifies the institutional backing for these investment products.

China Asset Management, a significant player in the financial landscape with a state-owned background, spearheads the initiative, demonstrating Hong Kong's progressive approach to crypto investment despite potential regulatory uncertainties abroad.

Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG

Add Comment

LoginLeave your comments

0 Comments

Earliest

Load more comments

More news about chinaamc

May 31
The total scale of ChinaAMC Bitcoin ETF exceeds HKD 1 billion
Bullish
Bearish
May 17
China Asset Management’s Bitcoin and Ethereum ETFs have been included in Hong Kong’s new capital investor entry scheme
Bullish
Bearish
Apr 30
The initial offerings of ChinaAMC Bitcoin ETF and Ethereum ETF were HK$950 million and HK$160 million respectively.
Bullish
Bearish
Apr 30
The spot ETF jointly developed by China Asset Management and OSL has started trading on the Hong Kong Stock Exchange
Bullish
Bearish
Apr 30
Spot Bitcoin ETFs by ChinaAMC, Harvest, and Bosera Register Over 3% Increase in Early Trading
Bullish
Bearish
Apr 30
Hong Kong Stock Exchange Lists Bitcoin and Ethereum Spot ETF Trading for ChinaAMC, Bosera, and Harvest
Bullish
Bearish
Apr 30
Huaxia, Harvest, and Bosera spot Bitcoin ETFs rose more than 3% at the beginning of trading
Bullish
Bearish
Apr 30
Hong Kong Stock Exchange officially opens Bitcoin and Ethereum spot ETF trading for ChinaAMC, Bosera and Harvest
Bullish
Bearish
Apr 29
China Asset Management is the largest issuer of the first batch of spot crypto ETFs in Hong Kong
Bullish
Bearish
Apr 24
Hong Kong Securities Regulatory Commission has listed ChinaAMC, Bosera and Harvest Bitcoin and Ethereum spot ETFs and stock codes
Bullish
Bearish

Trading Begins: Hong Kong ETFs Launch with Confidence Amid Speculation on ETH's Regulatory Status in the US

More news about chinaamc

More news about chinaamc

Hong Kong Crypto Exchange OSL Secures $90Million Investment

Bitcoin Futures And Options Trading Coming To London Stock Exchange

You Could Be Trading Crypto on the Tel Aviv Stock Exchange Soon

Indonesia to Launch Crypto Stock Exchange by End of Year

Former president of the New York Stock Exchange joins Uniswap Labs as an adviser

LBank Exchange Will List Global Trading Xenocurrency (GTX) on June 27, 2022

MetaMerce (MERCE) Is Now Available for Trading on LBank Exchange

CloudChat (CC) Is Now Available for Trading on LBank Exchange

WooZooMusic (WZM) Is Now Available for Trading on LBank Exchange

7Pixels (7PXS) Is Now Available for Trading on LBank Exchange