Asia Tech Wire (Apr 15) -- Hong Kong's securities regulator approved the first spot bitcoin and ethereum ETFs in Hong Kong on Monday.

Harvest Global Investments Ltd. (HGI), a Hong Kong subsidiary of Harvest Fund, announced Monday that Hong Kong's Securities and Futures Commission (SFC) has given in-principle approval to its two ETFs that invest in spot bitcoin and ethereum respectively.

China Asset Management (Hong Kong ) Ltd. (ChinaAMC HK), a Hong Kong subsidiary of ChinaAMC, also released a statement saying the SFC approved it to offer virtual asset management services to investors.

With the approval, ChinaAMC HK plans to issue ETFs that can invest in spot bitcoin and spot ethereum.

In addition, the SFC also approved two virtual asset spot ETFs that Bosera Asset Management (International) Co., Ltd. (Bosera International), a Hong Kong-based subsidiary of Bosera Funds, applied for in conjunction with HashKey Capital Ltd.

Bosera International plans to promote the issuance of spot bitcoin and ethereum ETFs with its Hong Kong partner.

In fact, Chinese media outlets published articles as early as last week suggesting that Hong Kong would approve bitcoin spot ETFs on Monday.

Earlier reports said that the SFC urgently updated the list of fund companies for virtual asset management on its website earlier last Wednesday, as it plans to announce the list of Hong Kong's first spot bitcoin ETFs to the public on April 15.

And before Hong Kong did so, the U.S. had already approved its first spot bitcoin ETFs in January.