Hong Kong-listed spot bitcoin and ether exchange traded funds aim to start trading by the end of April, three companies that provide the products said in separate statements on Wednesday.

Hong Kong's latest milestone in fashioning itself to be Asia's premier market for cryptocurrencies has the support of a group of unlikely supporters—traditional fund houses from mainland China, where the trading of those tokens is banned.

The U.S. SEC delayed the decision on Grayscale and Franklin Templeton proposals. Grayscale planned to spin off a Mini Ethereum Trust after ETHE conversion to ETF. In a not-so-surprising move, the US Securities and Exchange Commission (SEC) has delayed the decision on the next steps for Grayscale and Franklin Templeton's proposed spot Ethereum [ETH] ETFs.

Hong Kongs Securities and Futures Commission has officially approved the first spot Bitcoin and Ether ETFs, which will begin trading on April 30. This marks a significant milestone in the citys cryptocurrency