Lacking access to mainland Chinese investors, Hong Kong's crypto ETFs will be ‘nickels and dimes' compared with U.S. versions [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance
authorization, to become officially listed, the asset managers issuing the products will apply to Hong Kong Exchanges and Clearing, the SFC added. Initial approvals—conditional on products satisfying certain requirements and conditions—have been given to Harvest Global Investments and a partnership between HashKey Capital and Bosera Asset Management (International), according to separate statements from the companies. The Hong Kong unit of China Asset Management announced it has also received approval from the SFC to provide virtual asset management services and is allocating resources to develop the products. In a statement, OSL Digital Securities said it would provide custodial services for the products. Since the approval of 10 U.S. spot Bitcoin ETFs on Jan. 11, the products have been a hit, with over $56.2 billion assets under management helping Bitcoin reach an all-time high of $73,737.94 in March, according to CoinGecko data. Two leading Bitcoin ETFs, BlackRock's IBIT and Fi
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