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Stock impact report

Spot bitcoin ETFs could make their way to Hong Kong in April - report [Seeking Alpha]

CITIC SECURITIES UNSP/ADR (CIIHY) 
NASDAQ:AMEX Investor Relations: citic.com/investorrelations/investorrelations
Company Research Source: Seeking Alpha
Such products, which allow institutional and retail traders to gain exposure to bitcoin ( BTC-USD ) without having to invest directly in the underlying asset, went live early this year in the U.S. The funds gained immense popularity in the wake of strong and persistent inflows, helping the price of bitcoin reach a fresh record high of $73.8K in March. And, in Europe, the first spot BTC ETF started trading in August 2023. At least four entities have submitted applications to roll out spot bitcoin ( BTC-USD ) ETFs in Hong Kong, Reuters reported , citing two people familiar with the matter. Three of the applicants include the Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management. In Wednesday midafternoon trading, bitcoin ( BTC-USD ) edged up 0.5% to $69.3K. Recommended For You More Trending News Recommended For You More Trending News About BTC-USD Crypto Related Stocks Trending Analysis Trending News Show less Read more
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