The Hong Kong Virtual Asset Spot ETF is launching today and will be listed tomorrow. The issue price for Harvest Fund and China Asset Management is 1 US dollar

PANews reported on April 29 that according to the China Fund Report, six virtual asset spot ETFs from Hong Kong made their debut today and will be listed on the Hong Kong Stock Exchange on April 30. They belong to three institutions: Huaxia (Hong Kong), Bosera International, and Harvest International. Each institution has one Bitcoin spot ETF and one Ethereum spot ETF. These products invest 100% of their assets in Bitcoin or Ethereum, do not engage in other types of investments, nor will they invest in financial derivatives for any purpose or engage in securities lending, repurchase or reverse repurchase transactions. They are also not allowed to use any form of leverage and may retain a small amount of cash for expense payments or redemptions.

In terms of issuance price, the issue price for products under Harvest International and Huaxia (Hong Kong) is $1; The initial issue price of Bosera's Bitcoin ETF is roughly equivalent to 1/10,000th of the tracking index as at April 26th ,2024 while that for its Ethereum ETF is about equal to 1/1000th of the tracking index as at same date respectively implying that holding approximately 10,000 shares equals one bitcoin while holding around a thousand shares equates to an ethereum.