1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

According to the latest virtual asset ETF asset management scale data from HKEX as of May 3rd:1. Huaxia Ether ETF has an asset management scale of HKD 146.16 million, and Huaxia Bitcoin ETF has reached HKD 880.25 million, with a total amount exceeding HKD 1 billion, reaching HKD 1.02641 billion;2. Bosera HashKey Ether ETF has an asset management scale of HKD 96.59 million, and Bosera HashKey Bitcoin ETF has reached HKD 478.09 million, with a total of HKD 574.58 million;3. Harvest Ether ETF has an asset management scale of HKD 89.97 million, and the encrypted Bitcoin ETF has reached HKD 449.39 million, with a total of HKD 539.36 million.

Han Tongli, the CEO and CIO of CSOP Asset Management, said that the market's response to the purchase of virtual currency spot ETFs is enthusiastic and even exceeds expectations. He explained that it was originally expected that the Hong Kong virtual asset spot ETF would have a slow development and subscription process, but in fact, the first-day subscription quantity was more than expected. He believes that Hong Kong's financial and legal systems can seamlessly connect with the global market, and the virtual asset spot ETF can accept physical subscription and redemption, with advanced design. The potential for the development of virtual assets in Hong Kong is even higher than that of the United States. He bluntly stated that the spot ETF product issued by the company this time is actually not profitable, and it also does not intend to make money on this product. The main purpose of issuing this product is to lay the foundation for connecting the two different ecosystems of traditional finance and encrypted finance and gain profits from it, rather than just making a profit from one product.

On January 12th, Hong Kong licensed virtual asset securities broker Success Securities' executive director, Chen Peiquan, stated that the recent approval of spot ETFs in the United States is seen by the "coin circle" as a key link between virtual currency and actual exchanges, which is expected to attract more investors. The Hong Kong Securities and Futures Commission also stated that it accepts applications for the listing of virtual currency spot ETFs. He revealed that although Hong Kong's fund companies have not yet submitted applications, they are actively preparing for it, and it is expected that in the first quarter of this year, multiple fund companies will express their intention to apply, and even succeed in their applications.