香港准备推出比特币和以太币现货 ETF

香港证券及期货事务监察委员会（SFC）已有条件批准香港首只比特币（BTC）和以太币（ETH）现货交易所交易基金（ETF）。嘉实基金、博时基金和华夏基金等至少三家离岸中国资产管理公司已获得批准，预计很快将推出现货 BTC 和 ETH ETF。这些ETF预计将提升香港作为国际金融中心和虚拟资产中心的地位。

Hong Kong Prepares to Embrace Spot Bitcoin and Ether ETFs

香港准备拥抱现货比特币和以太币 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.

香港准备推出比特币（BTC）和以太币（ETH）的现货交易所交易基金（ETF），当地监管机构已批准多家发行人的申请。此举标志着该市在将自己打造为虚拟资产中心的努力中向前迈出了重要一步。

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.

香港证券及期货事务监察委员会（证监会）向嘉实基金管理公司、博时基金管理（香港）和华夏基金管理（香港）这三家本地发行人授予有条件批准。这些公司预计将很快推出现货比特币和以太币 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).

审批过程涉及证监会的全面评估，确保ETF满足严格的监管要求。有条件授权书的签发须满足某些条件，包括费用支付、文件提交以及香港联交所（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 的比特币和以太币 ETF 将被构建为实物 ETF，允许使用实际的 BTC 和 ETH 发行新的 ETF 份额。该模式不同于现金创造赎回模式，后者限制新ETF份额的发行只能以现金为基础的交易。

"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：“虚拟资产现货ETF的推出不仅为投资者提供了新的资产配置机会，也巩固了香港作为国际金融中心和虚拟资产枢纽的地位。”

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.

华夏基金（香港）等其他发行人将与本地数字资产平台 OSL Digital Securities 合作推出现货比特币和以太币 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.

香港监管机构的此举符合该市成为全球虚拟资产中心的更广泛愿景。该市积极采取措施促进区块链和数字资产领域的创新，包括建立虚拟资产交易的监管框架。

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.

比特币和以太币 ETF 现货的推出为投资者提供了一种便捷且受监管的途径来投资这些数字资产。这些 ETF 将使投资者能够实现投资组合多元化，从而有可能降低风险并提高回报。

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.

这一发展也被视为更广泛的加密货币行业的积极信号，表明机构接受度和合法性不断提高。香港的此举预计将为其他司法管辖区的效仿铺平道路，进一步巩固加密货币在全球金融格局中的作用。