SEC’s Potential Rejection of Ethereum ETFs in May: Unveiling Three Startling Grounds

As the United States proceeds with caution, other parts of the world are taking bolder steps forward. On April 24th, the Securities and Futures Commission (SFC) of Hong Kong gave the green light to the initial sets of spot Bitcoin and Ether ETFs. This approval encompasses three ETFs for both Bitcoin and Ether, which are being introduced by well-known companies such as China Asset Management, Harvest Global Investments, and Bosera. The trading of these ETFs is scheduled to commence on April 30th, highlighting Hong Kong’s proactive approach to cryptocurrency offerings.