香港準備推出比特幣和以太幣現貨 ETF

香港證券及期貨事務監察委員會（SFC）已有條件批准香港首隻比特幣（BTC）及以太幣（ETH）現貨交易所交易基金（ETF）。嘉年華基金、博時基金和華夏基金等至少三家離岸中國資產管理公司已獲得批准，預計很快將推出產品 BTC 和 ETH ETF。這些ETF預計將提升香港作為國際金融中心和虛擬資產中心的地位。

Hong Kong Prepares to Embrace Spot Bitcoin and Ether ETFs

香港準備擁抱現貨比特幣和以太幣 ETF

Hong Kong is poised to introduce spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ether (ETH), with local regulators approving applications from several issuers. The move signifies a significant step forward in the city's efforts to establish itself as a hub for virtual assets.

香港準備推出比特幣（BTC）和以太幣（ETH）的現貨交易所交易基金（ETF），當地監管機構已批准多家發行人的申請。此舉標誌著該市在將自己打造為虛擬資產中心的努力中向前邁出了重要一步。

The Hong Kong Securities and Futures Commission (SFC) granted conditional approval to three local issuers: Harvest Fund Management, Bosera Asset Management (Hong Kong), and China Asset Management (Hong Kong). These firms are expected to launch their spot Bitcoin and Ether ETFs imminently.

香港證券及期貨事務監察委員會（證監會）授予嘉年華基金管理公司、博時基金管理（香港）及華夏基金管理（香港）三家本地發行人有條件核准。這些公司預計很快就會推出現貨比特幣和以太幣 ETF。

The approval process involved a thorough evaluation by the SFC, ensuring that the ETFs meet stringent regulatory requirements. Conditional authorization letters were issued subject to the fulfillment of certain conditions, including fee payments, document submission, and approval from the Hong Kong Stock Exchange (HKEX).

審批過程涉及證監會的全面評估，確保ETF符合嚴格的監管要求。有條件授權書的簽發須符合某些條件，包括費用支付、文件提交以及香港聯交所（HKEX）的批准。

Notably, Bosera's Bitcoin and Ether ETFs will be structured as in-kind ETFs, allowing new ETF shares to be issued using actual BTC and ETH. This model differs from the cash-create redemption model, which limits the issuance of new ETF shares to cash-based transactions.

值得注意的是，Bosera 的比特幣和以太幣 ETF 將被建構為實體 ETF，允許使用實際的 BTC 和 ETH 發行新的 ETF 份額。此模式不同於現金創造贖回模式，後者限制新ETF份額的發行只能以現金為基礎的交易。

"The introduction of the virtual asset spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong's status as an international financial center and a hub for virtual assets," said Bosera.

Bosera表示：“虛擬資產現貨ETF的推出不僅為投資者提供了新的資產配置機會，也鞏固了香港作為國際金融中心和虛擬資產樞紐的地位。”

Other issuers, such as ChinaAMC (Hong Kong), will be collaborating with OSL Digital Securities, a local digital asset platform, to launch their spot Bitcoin and Ether ETFs.

其他發行人如華夏基金（香港）將與本地數位資產平台 OSL Digital Securities 合作推出現貨比特幣和以太幣 ETF。

The move by Hong Kong regulators aligns with the city's broader vision of becoming a global hub for virtual assets. The city has actively pursued initiatives to foster innovation in the blockchain and digital asset space, including establishing a regulatory framework for virtual asset exchanges.

香港監管機構的此舉符合該市成為全球虛擬資產中心的更廣泛願景。該市積極採取措施促進區塊鏈和數位資產領域的創新，包括建立虛擬資產交易的監管框架。

The introduction of spot Bitcoin and Ether ETFs provides investors with a convenient and regulated avenue to gain exposure to these digital assets. These ETFs will allow investors to diversify their portfolios, potentially reducing risk and enhancing returns.

比特幣和以太幣 ETF 現貨的推出為投資者提供了一種便捷且受監管的途徑來投資這些數位資產。這些 ETF 將使投資者能夠實現投資組合多元化，從而有可能降低風險並提高回報。

The development is also seen as a positive sign for the wider cryptocurrency industry, indicating growing institutional acceptance and legitimacy. Hong Kong's move is expected to pave the way for other jurisdictions to follow suit, further solidifying the role of cryptocurrencies in the global financial landscape.

這一發展也被視為更廣泛的加密貨幣行業的積極信號，表明機構接受度和合法性不斷提高。香港的此舉預計將為其他司法管轄區的效仿鋪平道路，進一步鞏固加密貨幣在全球金融格局中的作用。