Hong Kong regulators could approve spot ETFs based on bitcoin and ether as early as Monday, according to Bloomberg, which cited people familiar with the matter. 

As part of the approval, a subsidiary of Chinese asset manager Harvest Fund Management Company is expected to clinch approval to operate as an issuer of a bitcoin and an ether fund. In addition, a partnership between Bosera Asset Management (International) Co. and HashKey Capital will likely receive approval to offer both types of spot ETFs. 

The first batch of issuers will tentatively launch both types of spot ETFs at the end of April, according to Bloomberg. 

The anticipated approvals come after the Hong Kong Securities and Futures Commission signaled it would clear the path to increasing institutional …