Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Hong Kong regulators approved ETFs by Harvest Global Investments, China Asset Management and a jointly managed product of Bosera Asset Management and HashKey Capital.Akash Network’s Token Surges Nearly 50% on Upbit Listing

The Securities and Futures Commission gave the nod Tuesday to spot-based bitcoin and ether ETFs by asset managers Harvest Global Investments, China Asset Management and a consortium of Bosera Asset Management and HashKey Capital, according to thea"potential fee war" unfolding between issuers, with Harvest waiving all fees for the first six months. After the initial period, it will charge 0.3% for both its spot BTC and ETH funds, undercutting the Bosera-HashKey funds' 0.

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