During a recent press briefing, executives from leading Chinese companies discussed the upcoming launch of Hong Kong's Spot Bitcoin and Ether ETFs. Zhu Haokang, head of digital asset management and family wealth at ChinaAMC, and Wayne Huang, head of ETF and custody at cryptocurrency exchange OSL, were present at the briefing.

Zhu mentioned his optimism regarding the listing scale of Hong Kong's virtual asset spot ETF, expecting it to surpass the issuance scale of US Bitcoin spot ETFs. He also predicted that Huaxia would become the largest ETF issuer among three issuers.

Zhu highlighted the differences between Spot China Bitcoin ETF, Spot China Ethereum ETF, and other ETFs, emphasizing features like spot and physical subscriptions and redemptions, not present in the US spot Bitcoin ETF.

Regarding investor access, Zhu noted that mainland China investors are currently unable to invest in Hong Kong's cryptocurrency spot ETFs. However, qualified investors from Hong Kong, institutional investors, individual investors, and regulated international investors can all participate.

Wayne Huang addressed concerns about US regulations impacting Hong Kong's Ethereum spot ETF. He explained that the Hong Kong Securities Regulatory Commission has its own evaluation process for determining security status and investor accessibility, which could mitigate potential US impacts.

In conclusion, Zhu stated that cryptocurrency ETFs could positively influence cryptocurrency prices, based on their analysis of various factors.

*This information should not be regarded as investment advice.