On April 29th, a historic moment unfolded in the Hong Kong market, as a total of 6 virtual asset ETFs were officially listed on the Hong Kong Stock Exchange. This significant event not only brings novel investment opportunities to investors in Asia but also underscores Hong Kong's steadfast stride in advancing the establishment of an international virtual asset financial center. With its forward-looking strategies and unwavering determination in the realm of virtual currency finance, Hong Kong is poised to exert profound influence on the future international financial stage.

Approval Granted for 6 Bitcoin Spot ETFs by the Securities and Futures Commission of Hong Kong
It is worth noting that Huaxia Fund (Hong Kong)'s Huaxia Bitcoin ETF and Huaxia Ethereum ETF have already received formal approval from the Securities and Futures Commission of Hong Kong and are scheduled to commence issuance on April 29th, 2024, followed by listing on the Hong Kong Stock Exchange on April 30th. Simultaneously, Bosera Fund (International) Limited and HashKey Capital Limited jointly introduced two virtual asset spot ETFs, while ChinaAMC International Asset Management Limited's ChinaAMC Bitcoin Spot ETF and ChinaAMC Ethereum Spot ETF have also obtained approval from the Securities and Futures Commission of Hong Kong. These products are expected to commence trading by the end of April, with all three companies simultaneously announcing their respective fee structures. This series of initiatives undoubtedly will further propel the development of Hong Kong's virtual asset sector, offering investors a more diverse array of investment choices.

This marks the first introduction of such products in the Asian market, aiming to provide investors with investment returns closely tied to the spot prices of Bitcoin and Ethereum (net of fees and expenses).

Why Choose Bitcoin Investment?
●Infinite Potential for Bitcoin Investment:
Over the past five years, Bitcoin has shown remarkable performance, with annual gains reaching up to 200%. Its price soared to $73,794 at its peak, and its asset size continues to expand, fully demonstrating its investment value. This trend not only attracts increasing attention but also showcases the immense potential of Bitcoin in the investment arena.

Source：tradingview.com，
Data as of 2024.04.25

●Outperforming Other Asset Classes Four Times in Five Years:
Bitcoin has surpassed other major asset classes four times in the past five years, demonstrating the stability of its investment value. Worth mentioning is its exceptional performance in 2024, leading the global assets with a surge of 59.65%.

●Surpassing Silver to Become the Eighth Largest Asset Globally:
On March 12, 2024, Bitcoin's price broke through the historical milestone of $72,000, even after adjusting for inflation, remaining at unprecedented highs. This achievement not only highlights Bitcoin's value but also positions it as the eighth most valuable asset globally, surpassing silver. Additionally, Ethereum broke through the $4,000 mark for the first time since December 2021, demonstrating robust growth momentum.

Why Choose uSMART for Trading?
uSMART is among the first brokerage firms to support trading of virtual asset spot ETFs, reducing many traditional barriers that hinder investors from using virtual assets as asset allocation and trading tools.

uSMART offers a diverse range of investment products, opening doors for investors to enter the virtual asset market. After the six Bitcoin spot ETFs go live on April 30, they can be directly traded on the uSMART APP by searching their codes. Stay tuned for the latest updates!

Diverse Investment Product Portfolio:
Furthermore, uSMART SG platform continues to expand its investment product line to meet investors' needs for diversified asset allocation. Following the successful listing of the first batch of virtual asset spot ETFs in Asia, uSMART SG will also facilitate trading of these products, further enriching its global investment services.

We will continue to update relevant product information and trading dynamics, so investors are encouraged to stay tuned and seize investment opportunities in the international market. uSMART is committed to providing comprehensive financial services to its clients, empowering investors to capture growth potential in global capital markets.

How to place a trade on uSMART mobile application：
After logging into the uSMART SG APP, click on "Search" from the top right corner of the page. Enter the desired stock code to access the details page and review trading information and historical trends. Click on "Trade" at the bottom right corner, then select the "Buy/Sell" function. Finally, fill in the trading conditions and submit the order. The image operation guide is as follows:

This diagram is provided for illustrative purposes exclusively

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Important Notice and Disclaimer:
We have based this article on our internal research and information available to the public from sources we believe to be reliable. While we have taken all reasonable care in preparing this article, we do not represent the information contained in this article is accurate or complete and we accept no responsibility for errors of fact or for any opinion expressed in this article. Opinions, projections and estimates reflect our assessments as of the article date and are subject to change. We have no obligation to notify you or anyone of any such change. You must make your own independent judgment with respect to any matter contained in this article. Neither we or our respective directors, officers or employees will be responsible for any losses or damages which any person may suffer or incur as a result of relying upon anything stated or omitted from this article.
This document should not be construed in any jurisdiction as constituting an offer, solicitation, recommendation, inducement, endorsement, opinion, or guarantee to purchase, sell, or trade any securities, financial products, or instruments or to engage in any investment or any transaction of any kind, nor is there any intention to solicit or invite the purchase or sale of any securities.
The value of these securities and the income from them may fall or rise. Your investment is subject to investment risk, including loss of income and capital invested. Past performance figures as well as any projection or forecast used in this article is not indicative of its future performance.
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