“Ethereum is not a security.”
He added that it is one of two assets, including Bitcoin, that can be made available to retail investors.
The U.S. Securities and Exchange Commission is currently investigating the Ethereum Foundation to determine whether the asset is a security.
In addition to China Asset Management, Bosera Asset Management and Harvest Global Investments launched a crypto ETF through their Hong Kong subsidiaries on April 30 on the Hong Kong Stock Exchange under the tickers CAM, BOS and HGI.
OSL Digital Securities was selected as the first virtual asset trading partner and sub-custodian by China Asset Management (Hong Kong) on April 15.
China Asset Management is a state-owned bank founded in 1998 and headquartered in Beijing.. It is also one of the largest family foundations in China.