香港比特币现货 ETF 将于 4 月 30 日推出，标志着加密货币的里程碑

香港已将 2024 年 4 月 30 日定为比特币和以太坊现货交易所交易基金 (ETF) 交易的正式日期。尽管香港是中国的一个特别行政区，但它已成为一个对加密货币友好的司法管辖区，允许在特定法规下完全合法的加密货币交易。这些现货ETF产品的批准是香港加密​​货币行业的重大发展，由于具有竞争力的交易费用结构，预计将吸引大量投资者。

Bitcoin Spot ETFs to Commence Trading in Hong Kong on April 30th

比特币现货ETF将于4月30日在香港开始交易

Hong Kong's financial authorities have announced that spot exchange-traded funds (ETFs) backed by Bitcoin and Ethereum will officially commence trading on April 30, 2024. This development marks a significant milestone in Hong Kong's embrace of cryptocurrencies and its emergence as a crypto-friendly jurisdiction.

香港金融当局宣布，由比特币和以太坊支持的现货交易所交易基金（ETF）将于 2024 年 4 月 30 日正式开始交易。这一进展标志着香港拥抱加密货币及其成为加密货币友好型国家的一个重要里程碑。管辖权。

In mid-2023, Hong Kong embarked on a path towards crypto adoption, legalizing crypto trading under specific regulatory frameworks. This stance contrasts sharply with mainland China, which has maintained a strict prohibition on crypto trading since December 2021.

2023 年中，香港踏上了采用加密货币的道路，在特定的监管框架下使加密货币交易合法化。这一立场与中国大陆形成鲜明对比，中国大陆自 2021 年 12 月以来一直严格禁止加密货币交易。

The launch of Bitcoin and Ethereum spot ETFs in Hong Kong underscores the city's commitment to providing investors with access to the burgeoning cryptocurrency market. These ETFs offer a regulated and transparent investment vehicle for accessing cryptocurrencies, facilitating wider adoption and institutional investment.

在香港推出比特币和以太坊现货ETF，凸显了香港致力于为投资者提供进入蓬勃发展的加密货币市场的机会。这些 ETF 为获取加密货币提供了受监管且透明的投资工具，促进了更广泛的采用和机构投资。

Industry experts anticipate that Hong Kong's spot ETF market will initially be relatively small compared to its US counterpart. ETF expert Eric Balchunas estimates that the Hong Kong market could attract up to $1 billion in investments in the long term.

行业专家预计，与美国同行相比，香港现货 ETF 市场最初规模相对较小。 ETF专家Eric Balchunas估计，从长远来看，香港市场可吸引高达10亿美元的投资。

However, Balchunas also highlights the significant potential of Hong Kong's financial market and its large pool of investors from mainland China. Despite the ban on cryptocurrencies in China, he notes that investors may seek indirect access to crypto-linked products through Hong Kong's spot ETFs.

然而，巴尔丘纳斯也强调了香港金融市场的巨大潜力及其大量来自中国大陆的投资者。尽管中国禁止加密货币，但他指出，投资者可能会通过香港的现货 ETF 寻求间接购买加密货币相关产品。

The announcement of the April 30th trading date has been met with enthusiasm from industry participants, including HashKey CapitalAsia, which declared its readiness to participate in the market.

4月30日交易日的宣布引起了行业参与者的热情，其中包括HashKey CapitalAsia，该公司宣布准备参与市场。

Low Trade Fee Competition Anticipated

预计低交易费竞争

Financial journalist James Seyffart has expressed optimism about the potential for low trade fees in Hong Kong's spot ETF market. He suggests that a "fee war" could ensue among ETF providers, benefiting investors with lower costs of entry and participation.

财经记者 James Seyffart 对香港现货 ETF 市场低交易费用的潜力表示乐观。他表示，ETF 提供商之间可能会发生“费用战”，以较低的进入和参与成本使投资者受益。

ETF expert Eric Balchunas has also commented on the trade fee structure of the upcoming ETFs, noting that fees ranging from 30 to 99 basis points are generally lower than market expectations, providing a positive signal for investors.

ETF专家Eric Balchunas也对即将推出的ETF的交易费用结构发表了评论，指出30至99个基点的费用普遍低于市场预期，为投资者提供了积极信号。

Regulatory Oversight and Investor Protection

监管监督和投资者保护

The Hong Kong Securities and Futures Commission (SFC) has played a central role in establishing a robust regulatory framework for the crypto ETF market. The SEC has implemented stringent requirements to ensure investor protection, including the segregation of crypto assets, regular reporting, and adherence to international anti-money laundering and know-your-customer (KYC) standards.

香港证券及期货事务监察委员会（证监会）在为加密货币 ETF 市场建立健全的监管框架方面发挥了核心作用。 SEC 实施了严格的要求来确保投资者保护，包括加密资产的隔离、定期报告以及遵守国际反洗钱和了解你的客户 (KYC) 标准。

Implications for Mainland China Investors

对中国内地投资者的影响

Despite the potential appeal of Hong Kong's spot ETFs to mainland Chinese investors, experts emphasize that regulatory restrictions in China will likely prevent direct participation. The Chinese government's prohibition on cryptocurrencies remains in force, and investors are advised to exercise caution and seek legal guidance before engaging in any crypto-related activities.

尽管香港现货ETF对中国内地投资者具有潜在吸引力，但专家强调，中国的监管限制可能会阻止直接参与。中国政府对加密货币的禁令仍然有效，建议投资者在从事任何加密货币相关活动之前保持谨慎并寻求法律指导。

Conclusion

结论

The launch of Bitcoin and Ethereum spot ETFs in Hong Kong represents a significant step in the global adoption of cryptocurrencies. Hong Kong's emergence as a crypto-friendly jurisdiction provides investors with a transparent and regulated gateway to the crypto market. The competitive trade fee structure and robust regulatory oversight are expected to attract a diverse range of investors, contributing to the growth and maturity of Hong Kong's crypto ecosystem.

在香港推出比特币和以太坊现货 ETF 代表着全球采用加密货币的重要一步。香港作为一个对加密货币友好的司法管辖区的出现，为投资者提供了进入加密货币市场的透明且受监管的门户。具有竞争力的交易费用结构和强有力的监管预计将吸引多元化的投资者，促进香港加密货币生态系统的增长和成熟。