Hong Kong may soon see the approval of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in the spot market. According to Bloomberg, anonymous sources familiar with the matter have revealed that Chinese asset manager Harvest Fund Management, as well as a partnership between Bosera Asset Management and HashKey Capital, are expected to receive regulatory approval for BTC and ETH ETFs. The Hong Kong Securities and Futures Commission (SFC) could grant approval as early as Monday, with the products potentially launching by the end of the month. Earlier this week, reports suggested that Harvest Fund Management was set to receive permission to launch a spot market BTC ETF, following the SFC’s clearance for the company to provide crypto management services on April 9. In the US, spot market ETFs were approved by the Securities and Exchange Commission (SEC) in January, after a court ruled that disapproving them would be inconsistent with the approval of futures BTC ETFs. The launch of spot ETFs resulted in significant inflows of funds into BTC. Bloomberg reports that Hong Kong regulators have already approved the launch of futures-based digital asset ETFs, such as CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures, which have a combined asset value of $170 million.