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Asia

Ethereum and Bitcoin Spot ETFs Approved in Hong Kong (1 minute read)

Hong Kong's Securities and Futures Commission has granted conditional approval for the first spot ethereum and bitcoin exchange-traded funds (ETFs), positioning the city as Asia's pioneer in mainstreaming cryptocurrency investments. Bosera Asset Management and China Asset Management's Hong Kong units announced they have received the necessary regulatory approvals to launch these ETFs. This development follows the U.S.'s successful introduction of its first spot bitcoin ETFs three months ago, which have since attracted approximately $12 billion in net inflows.

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Written by Jon Lira. Connect with him on LinkedIn.

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