香港推出具有独特功能的比特币和以太币ETF

香港的比特币和以太币 ETF 将于 4 月 30 日推出，将与美国同类产品有所不同。受监管的加密货币交易所 OSL 和 HashKey 将处理 ETF 份额的发行和赎回，并由中银保诚和 OSL 提供托管。赎回选项包括法定货币和加密货币存款，提供三种面额货币：美元、港元和人民币。这些 ETF 将追踪芝加哥商品交易所的加密指数，但管理费从 0.3% 到 0.99% 不等，明显高于美国，一些发行人的收费低于 0.25%。

Hong Kong's Bitcoin, Ether ETFs to Debut with Unique Features

香港比特币、以太币ETF首次亮相 独具特色

Hong Kong's Securities and Futures Commission (SFC) has greenlit the launch of Bitcoin and Ether exchange-traded funds (ETFs) on April 30, marking a significant milestone for the city's cryptocurrency market.

香港证券及期货事务监察委员会 (SFC) 于 4 月 30 日批准推出比特币和以太币交易所交易基金 (ETF)，这标志着香港加密货币市场的一个重要里程碑。

Distinct from US Counterparts

与美国同行不同

These ETFs will differ from their US counterparts in several key aspects. Unlike US ETFs, which track the spot prices of Bitcoin and Ether, Hong Kong's ETFs will track the performance of the Chicago Mercantile Exchange's (CME) crypto indices.

这些 ETF 在几个关键方面与美国同类 ETF 有所不同。与追踪比特币和以太坊现货价格的美国 ETF 不同，香港的 ETF 将追踪芝加哥商业交易所 (CME) 加密货币指数的表现。

Multi-Currency Denomination

多种货币面额

Adding to their uniqueness, ChinaAMC, one of the ETF issuers, has announced that its products will be denominated in three currencies: the US dollar, Hong Kong dollar, and Chinese yuan. This feature provides investors with flexibility and accessibility.

ETF发行人之一华夏基金宣布其产品将以三种货币计价：美元、港元和人民币，这进一步增强了其独特性。此功能为投资者提供了灵活性和可访问性。

Custody and Fees

托管及费用

Investment asset manager BOCI-Prudential and crypto exchange OSL will serve as custodians for the ETFs, ensuring the safekeeping of the underlying assets. The management fees for these ETFs will range from 0.3% to 0.99%, notably higher than the annual fees of less than 0.25% charged by some US spot Bitcoin ETFs.

投资资产管理公司中银保诚和加密货币交易所OSL将担任ETF的托管人，确保基础资产的安全。这些ETF的管理费将在0.3%至0.99%之间，明显高于一些美国现货比特币ETF收取的不到0.25%的年费。

Redemption Options

兑换选项

Redemptions for Hong Kong's Bitcoin and Ether ETFs will be available in both fiat currency and crypto deposits, providing investors with convenient options to liquidate their investments.

香港比特币和以太币 ETF 的赎回将以法定货币和加密货币存款形式提供，为投资者提供了便捷的投资变现选择。

BNB Chain Embraces Native Liquid Staking

BNB链拥抱原生流动性质押

In parallel with the ETF news, BNB Chain has announced plans to introduce native liquid staking on its BNB Smart Chain (BSC), allowing ecosystem participants to secure the network while maintaining the liquidity of their assets. Liquid staking tokens, representing staked crypto assets, will enable users to engage in decentralized finance activities without sacrificing asset utility.

在 ETF 消息发布的同时，BNB Chain 还宣布计划在其 BNB 智能链（BSC）上引入原生流动性质押，使生态系统参与者能够在保证网络安全的同时保持其资产的流动性。流动质押代币代表质押的加密资产，将使用户能够在不牺牲资产效用的情况下参与去中心化金融活动。

EU Tightens Crypto Regulations

欧盟收紧加密货币法规

Meanwhile, the European Union (EU) has moved to bolster its anti-money laundering framework, with the European Parliament approving new regulations targeting cryptocurrency companies. The Markets in Crypto-Assets (MiCA) regulatory framework will establish formal due diligence obligations and identity checks for crypto asset managers and other entities, with suspicious activities subject to reporting.

与此同时，欧盟（EU）已采取行动加强其反洗钱框架，欧洲议会批准了针对加密货币公司的新法规。加密资产市场（MiCA）监管框架将为加密资产管理者和其他实体建立正式的尽职调查义务和身份检查，可疑活动需要报告。

AML Authority Established

反洗钱管理局成立

The EU has also created a new agency, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), to supervise these regulations. The agency will be based in Frankfurt, Germany, and is expected to play a vital role in combating financial crime.

欧盟还成立了一个新机构，即反洗钱和打击资助恐怖主义管理局（AMLA）来监督这些法规。该机构将设在德国法兰克福，预计将在打击金融犯罪方面发挥至关重要的作用。

Industry Support for EU Regulations

行业对欧盟法规的支持

Despite concerns about potential overreach, industry leaders have welcomed the final version of the regulations. Patrick Hansen, EU strategy and policy director at Circle, described the outcome as positive, noting the industry's advocacy for a risk-based approach. The removal of the 1,000-euro limit on cryptocurrency payments from self-hosted wallets by a majority of the European Parliament's lead committees further reflects the ongoing refinement of EU cryptocurrency regulation.

尽管担心潜在的过度扩张，但行业领导者仍对法规的最终版本表示欢迎。 Circle 欧盟战略和政策总监帕特里克·汉森 (Patrick Hansen) 将这一结果描述为积极的，并指出该行业倡导基于风险的方法。欧洲议会大多数领导委员会取消了对自托管钱包的加密货币支付 1,000 欧元的限制，进一步反映了欧盟加密货币监管的不断完善。

Conclusion

结论

Hong Kong's Bitcoin and Ether ETFs, with their unique features and high management fees, represent a significant development in the city's crypto space. Meanwhile, BNB Chain's embrace of native liquid staking and the EU's ongoing efforts to combat money laundering through cryptocurrency regulation highlight the evolving landscape of the global crypto market. As these initiatives unfold, it remains to be seen how they will shape the future of cryptocurrency adoption and regulation worldwide.

香港的比特币和以太币ETF以其独特的功能和高昂的管理费​​，代表了该市加密货币领域的重大发展。与此同时，BNB Chain 对原生流动性质押的接受以及欧盟通过加密货币监管打击洗钱的持续努力凸显了全球加密市场不断变化的格局。随着这些举措的展开，它们将如何塑造全球加密货币采用和监管的未来还有待观察。