Hong Kong conditionally approves first bitcoin and ether ETFs [Yahoo! Finance]
CITIC SECURITIES UNSP/ADR (CIIHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools. ChinaAMC (HK), the city's unit of China Asset Management, said in a statement it had received regulatory approval from Hong Kong's Securities and Futures Commission of Hong Kong (SFC) for the provision of virtual asset management services. The company is "actively deploying resources in the development of spot Bitcoin ETF and spot Ethereum ETF", it said. This will be done in partnership with BOCI-Prudential Trustee Limited, a joint venture of the fund management arm of Bank of China (HK) and the British multinational insurance firm. Two other fund managers -- the Hong Kong units of Harvest Fund Management and Bosera Asset Management -- also said they had received conditional approvals from the SFC, Bloomberg reported. The SFC declined to comment on individual applications. OSL Digital Securities will provide custody services to China AMC and Harvest to
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