Six spot bitcoin and ether exchange-traded funds officially debuted on the Hong Kong Stock Exchange today — the listing of Asia ’s first spot crypto ETFs — as the region continues its drive to become a crypto hub.
Earlier this month, Hong Kong approved several spot bitcoin ETFs and spot ether ETFs managed by China Asset Management, Harvest Global, Bosera and HashKey. In addition to investors in Hong Kong, the spot crypto ETFs are available for qualified investors outside of the city, but those in the Chinese mainland are still restricted from investing in the products.
“This now caters to a different group of people,” Rebecca Sin, an ETF analyst at Bloomberg, said last week. “Everyone that's holding bitcoin and ether can potentially now swap this into an ETF.”
Source: Digital Coin News (digitalcoinnews.net)
Companies Funds Markets Hong-Kong Spot Bitcoin ETF Spot Ethereum ETF
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