Crypto exchange-traded funds (ETFs) are reportedly preparing to launch in Hong Kong in the coming week, according to a report by Reuters. The ETFs, which will track the performance of Bitcoin (BTC) and Ethereum (ETH), have already received regulatory approval from the Securities and Futures Commission (SFC) and are expected to start trading by April 30th. The Hong Kong branches of China Asset Management, Harvest Fund Management, and Bosera Asset Management will be providing the ETFs. This development comes just three months after the US Securities and Exchange Commission (SEC) approved spot BTC ETFs, resulting in significant inflows for the top crypto asset. The SEC initially rejected spot BTC ETFs multiple times before approving them, following a judge’s ruling that the 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 in the US has been delayed and is now expected in May.