Hong Kong is reportedly gearing up to launch spot market crypto exchange-traded funds (ETFs) as early as next week, with Bitcoin (BTC) and Ethereum (ETH) ETFs set to start trading by April 30th. The Securities and Futures Commission (SFC) has already given regulatory approval to the three asset managers providing these products, namely China Asset Management, Harvest Fund Management, and Bosera Asset Management. This move comes just three months after the US Securities and Exchange Commission (SEC) approved spot BTC ETFs, resulting in significant inflows for the leading crypto asset by market cap. While the SEC initially rejected spot market BTC ETFs multiple times, they eventually received approval after a judge ruled that the regulatory agency must reconsider its stance to remain consistent with its previous approval of futures BTC ETFs. The decision on whether to approve spot market Ethereum ETFs has been delayed by the SEC and is expected to be made in May. It is important for investors to conduct their own due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice or act as an investment advisor.