Hong Kong Vies With US in Bitcoin ETF Market After Crypto's Revival [BNN Bloomberg (Canada)]
BlackRock, Inc. (BLK)
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Source: BNN Bloomberg
Harvest Global Investments Ltd., the local unit of China Asset Management, and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. are each listing Bitcoin and Ether ETFs in the city. The level of demand for the funds will provide clues on whether Hong Kong's push for a tightly regulated digital-asset hub is gaining traction. Officials are hoping the crypto pivot will help to restore the city's reputation as a modern financial center, a standing that was tarnished by a crackdown on dissent. US spot-Bitcoin ETFs from issuers including BlackRock Inc. and Fidelity Investments went live in January and have $53 billion of assets so far in an historic rollout. For Hong Kong, Bloomberg Intelligence's Rebecca Sin estimates the city's Bitcoin and Ether funds may amass $1 billion over two years. West and East Such a projection is “too small,” Han Tongli, the chief executive officer of Harvest Global, said in an interview. That's partly because fin
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