No concerns from issuers as US potential classification of ETH as a security leads to commencement of Hong Kong ETFs trading.

Exchange-traded fund (ETF) issuers in Hong Kong remain unfazed by the recent crackdown on cryptocurrencies in the United States, particularly the possibility of regulators classifying Ether (ETH) as a security.
During a press conference held on April 29 to announce the launch of spot crypto ETFs in Hong Kong, China Asset Management’s Zhu Haokang and OSL Digital Securities’ Wayne Huang addressed questions about these new institutional investment products.
One noteworthy response was given when asked about the potential impact of the United States declaring the world’s first spot Ether ETF as a security. Huang confidently stated:
“The Hong Kong Securities Regulatory Commission has its own procedures for determining whether certain crypto assets are securities and if retail investors can trade them. It will not be influenced by the differing opinions within various US departments or their unilateral definition.”
Huang further highlighted why Hong Kong is taking the lead in launching an Ethereum spot ETF instead of the United States. He explained, “Hong Kong already has a clear definition of Ethereum and recognizes it as a non-security.” He emphasized that Ethereum, along with Bitcoin, can be offered to retail investors.
Meanwhile, the US Securities and Exchange Commission is currently investigating the Ethereum Foundation to determine if they consider the asset to be a security.
Notably, Bosera Asset Management, China Asset Management, and Harvest Global Investments have already launched their crypto ETFs through their Hong Kong subsidiaries on the Hong Kong Stock Exchange on April 30, using the tickers CAM, BOS, and HGI.
Furthermore, OSL Digital Securities was selected as the first virtual asset trading and sub-custodian partner by China Asset Management (Hong Kong) on April 15.
China Asset Management, established in 1998 and headquartered in Beijing, is a state-owned bank and one of China’s largest fund families.
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