As Hong Kong is set to launch spot Bitcoin and Ether ETFs tomorrow, it’s time to recap key things about the upcoming event.
Before the launch of spot cryptocurrency ETFs in Hong Kong, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market.
As the ETF launch in Hong Kong approaches, Cointelegraph has gathered a few facts about the upcoming trading debut.The introduction of spot crypto ETFs into the Hong Kong ETF market isn't the first instance of crypto ETFs being traded on HKEX. On the other hand, the size of Hong Kong's ETF market is estimated to amount to $50 billion, according to Bloomberg data analyst Jack Wang.Hong Kong’s spot crypto ETFs will have at least one distinct feature that makes it significantly different from such products in the United States — namely, the method of ETF redemption., meaning that when ETF intermediaries want to make new ETF shares, they provide issuers with funds using actual cryptocurrencies like Bitcoin.
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