Bitcoin And Ether Climb As Firms Approve Crypto ETFs In Hong Kong [Forbes]
CITIC SECURITIES UNSP/ADR (CIIHY)
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Source: Forbes
on Monday, boosting the wider market and making the city Asia's first to offer the popular products after the U.S. launched the first spot bitcoin ETFs earlier this year. Hong Kong has approved cryptocurrency ETFs, money managers said. A number of money managers said they had secured initial approval from Hong Kong's Securities and Futures Commission (SFC) to begin launching crypto ETFs, according to statements on social media platform WeChat and media reports In separate statements, at least three offshore Chinese asset management firms have indicated they will launch the spot ETFs soon. These include the Hong Kong units of Harvest Fund Management and a partnership between Bosera Asset Management and Hashkey Capital, which said they had been approved to list the crypto products in Hong Kong. The Hong Kong unit of China Asset Management also said it had secured regulatory approval and is investing to develop the crypto products. The social media announcements appear to hav
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