According to Foresight News, the Hong Kong Exchange (HKEX) is set to start trading Bitcoin and Ethereum spot Exchange Traded Funds (ETFs) managed by Harvest Fund Management. The trading is scheduled to commence on April 30th.
The market news indicates that this move by the HKEX is a significant step towards the mainstream acceptance of cryptocurrencies. The introduction of Bitcoin and Ethereum spot ETFs by Harvest Fund Management on the HKEX platform will provide investors with a new avenue to invest in these digital assets.
This development is expected to have a positive impact on the overall cryptocurrency market, as it could potentially attract more investors to the sector. However, it is important to note that the performance of these ETFs will be closely tied to the price movements of Bitcoin and Ethereum.