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ChinaAMC Bitcoin ETF and ChinaAMC Ether coin ETF have received approval from the Hong Kong Securities and Futures Commission (SFC) to issuance on April 29 and list on the Hong Kong exchange on April 30. This is the first of its kind in the Asian market and is designed to provide a return on investment (before fees and expenses) that closely follows Bitcoin and Ether coin Spot prices.
Compared with physical Crypto Assets, Hong Kong's Spot Crypto Assets ETF are recognized by regulators, listed on traditional exchange, managed by professional fund companies, and cooperate with Crypto Assets exchange regulated, as well as the world's first physical redemption mechanism, which is expected to attract investors in encryption assets who convert physical Crypto Assets into ETF products.
ChinaAMC Hong Kong, a wholly-owned subsidiary of ChinaAMC, has been established in Hong Kong for 16 years and is one of the top Chinese fund companies in Hong Kong. Ranked among the top four in Hong Kong's overall ETF market, managing longest of the world's largest or Hong Kong's largest ETFs.