香港推出具有獨特功能的比特幣和以太幣ETF

香港的比特幣和以太幣 ETF 將於 4 月 30 日推出，將與美國同類產品有所不同。受監管的加密貨​​幣交易所 OSL 和 HashKey 將處理 ETF 份額的發行和贖回，並由中銀保誠和 OSL 提供託管。贖回選項包括法定貨幣和加密貨幣存款，提供三種面額貨幣：美元、港元和人民幣。這些 ETF 將追蹤芝加哥商品交易所的加密指數，但管理費從 0.3% 到 0.99% 不等，明顯高於美國，有些發行人的收費低於 0.25%。

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

香港比特幣、以太幣ETF首次亮相 獨具特色

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.

香港證券及期貨事務監察委員會 (SFC) 於 4 月 30 日批准推出比特幣和以太幣交易所交易基金 (ETF)，這標誌著香港加密貨幣市場的一個重要里程碑。

Distinct from US Counterparts

與美國同行不同

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.

這些 ETF 在幾個關鍵方面與美國同類 ETF 有所不同。與追蹤比特幣和以太坊現貨價格的美國 ETF 不同，香港的 ETF 將追蹤芝加哥商業交易所 (CME) 加密貨幣指數的表現。

Multi-Currency Denomination

多種貨幣面額

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發行人之一華夏基金宣布其產品將以三種貨幣計價：美元、港元和人民幣，這進一步增強了其獨特性。此功能為投資者提供了靈活性和可訪問性。

Custody and Fees

託管及費用

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.

投資資產管理公司中銀保誠和加密貨幣交易所OSL將擔任ETF的託管人，確保基礎資產的安全。這些ETF的管理費將在0.3%至0.99%之間，明顯高於一些美國現貨比特幣ETF收取的不到0.25%的年費。

Redemption Options

兌換選項

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.

香港比特幣和以太幣 ETF 的贖回將以法定貨幣和加密貨幣存款形式提供，為投資者提供了便捷的投資變現選項。

BNB Chain Embraces Native Liquid Staking

BNB鏈擁抱原生流動性質押

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 消息發布的同時，BNB Chain 也宣布計劃在其 BNB 智慧鏈（BSC）上引入原生流動性質押，使生態系統參與者能夠在保證網路安全的同時保持其資產的流動性。流動質押代幣代表質押的加密資產，將使用戶能夠在不犧牲資產效用的情況下參與去中心化金融活動。

EU Tightens Crypto Regulations

歐盟收緊加密貨幣法規

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.

同時，歐盟（EU）已採取行動加強其反洗錢框架，歐洲議會批准了針對加密貨幣公司的新法規。加密資產市場（MiCA）監管框架將為加密資產管理者和其他實體建立正式的盡職調查義務和身分檢查，可疑活動需要報告。

AML Authority Established

反洗錢管理局成立

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.

歐盟也成立了一個新機構，即反洗錢和打擊資助恐怖主義管理局（AMLA）來監督這些法規。該機構將設在德國法蘭克福，預計將在打擊金融犯罪方面發揮至關重要的作用。

Industry Support for EU Regulations

業界對歐盟法規的支持

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.

儘管擔心潛在的過度擴張，但行業領導者仍對法規的最終版本表示歡迎。 Circle 歐盟戰略和政策總監 Patrick Hansen 將這一結果描述為積極的，並指出該行業倡導基於風險的方法。歐洲議會大多數領導委員會取消了對自託管錢包的加密貨幣支付 1,000 歐元的限制，進一步反映了歐盟加密貨幣監管的持續改善。

Conclusion

結論

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.

香港的比特幣和以太幣ETF以其獨特的功能和高昂的管理費，代表了該市加密貨幣領域的重大發展。同時，BNB Chain 對原生流動性質押的接受度以及歐盟透過加密貨幣監管打擊洗錢的持續努力凸顯了全球加密市場不斷變化的格局。隨著這些舉措的展開，它們將如何塑造全球加密貨幣採用和監管的未來還有待觀察。