Bloomberg Analyst: Bitcoin ETFs in Hong Kong May Trigger Fee Battle

Hong Kong’s approval of three spot Bitcoin and Ethereum exchange-traded funds (ETFs) has the potential to spark a fee war, according to Bloomberg Intelligence ETF analyst James Seyffart. The ETF issuers, China Asset Management Co. (China AMC), Harvest Global Investments, and Bosera International and HashKey Capital, have disclosed their fees, with one offering a low fee of 0.3% after a six-month waiver. The ETFs, which will begin trading on April 30, aim to closely track the performance of Bitcoin and Ethereum. China AMC, in particular, sees its approval as an opportunity to offer innovative investment choices in the Asian market and attract retail and institutional investors to regulated virtual asset investments.