China Asset Management has received approval from the Hong Kong Securities Supervision Commission to issue Bitcoin and Ethereum spot ETFs

China Asset Management (Hong Kong) has received approval from the Hong Kong Securities Supervision Commission to provide virtual asset management services to investors. It now plans to issue ETF products that can invest in spot bitcoin and spot ether.
China Asset Management (Hong Kong) said it will actively research and deploy this with OSL Digital Securities Limited and BOC International Prudential Trust Limited.