According to PANews, Bloomberg analyst Eric Balchunas has announced that Hong Kong's Bitcoin and Ethereum spot ETFs are set to begin trading on April 30. The fees for these ETFs are 30 basis points, 60 basis points, and 99 basis points respectively, which are lower than expected, indicating a positive development.
ETF analyst James Seyffart suggests that these Bitcoin and Ethereum ETFs could potentially trigger a fee war in Hong Kong. Harvest, a new player in the market, is about to launch and will completely waive its fees, reducing the minimum fee to 0.3%. This move could potentially disrupt the market and lead to a competitive pricing environment for ETFs in Hong Kong.