On April 30, the first batch of six virtual asset spot ETFs in Hong Kong officially listed, including the Bosera Bitcoin (03008), Bosera Ethereum ETF (03009), Huaxia Bitcoin (03042), Huaxia Ethereum (03046), Jialish Bitcoin (03439) and Jialish Ethereum (03179). Analysts expect that the asset management scale of Hong Kong spot Bitcoin and Ethereum ETFs will reach 1 billion US dollars in the future. Charles Li, CEO of the Hong Kong Stock Exchange (00388), said that the Hong Kong ETF market is one of the most active ETF markets in Asia, covering different currencies, regions, and asset allocations, providing investors with a wide range of investment choices. She stated that the six virtual asset spot ETFs listed today will further enrich Hong Kong's product line, attracting more investors to participate in the Hong Kong market, enhancing market liquidity, promoting Hong Kong to become the preferred ETF market in Asia, and strengthening Hong Kong's competitiveness as an international asset management center. Kevin Tsang, Acting Financial Secretary and Treasury Bureau Director of Hong Kong, stated that this is the first time that virtual asset spot ETF products have been launched in the Asian market, verifying Hong Kong's leading position in virtual asset development in the Asian region. He also stated that efforts will continue to be made through various measures to establish a stable and vibrant virtual asset market. In addition, the public consultation on legislative proposals for regulating over-the-counter trading of virtual assets ended on April 12, receiving approximately 70 responses. The future will also promote the development of the virtual asset market, promoting market diversity while ensuring market stability and safeguarding investor interests. Catherine Cheung, Executive Director of the Hong Kong Securities and Futures Commission, stated that the virtual asset market has experienced a lot of turmoil this year, but at the same time, more investors have shown demand for virtual assets. Unlike domestic spot ETFs listed overseas, the Securities and Futures Commission has also established a more comprehensive regulatory framework compared to other regions. While effective regulatory systems can help address potential risks in asset management for residents, they cannot eliminate them completely. Cheung emphasized that the recognition of virtual assets by the Hong Kong Securities and Futures Commission does not mean they support related virtual assets or encourage the public to engage in related investments.