Hong Kong's crypto spot ETF move beats regional peers
The inclusion of cryptocurrency Ether, alongside Bitcoin, for the exchange-traded funds on the Hong Kong Stock Exchange, contrasts with the US approach.
Astrong
.jpg&h=630&w=1200&q=100&v=3b33229c5c&c=1)
The inclusion of cryptocurrency Ether, alongside Bitcoin, for the exchange-traded funds on the Hong Kong Stock Exchange, contrasts with the US approach.
.jpg&h=684&w=1216&q=100&v=3b33229c5c&c=1)
May 07, 2024
Hong Kong’s financial regulator signalled its commitment to bolster the city’s position as a cryptocurrency hub after several local asset managers announced their intention to proceed with applications for virtual asset licenses.
Investment managers including Bosera Asset Management, Harvest International, and China Asset Management Company have been launching, through their Hong Kong subsidiaries, exchange traded funds ETFs that will hold cryptocurrencies.
The move reflects the Securities and Futures Commission’s SFC ongoing pursuit to facilitate cryptocurrency as a professional asset class, said Matthew Le Merle, founder of Blockchain Coinvestors, speaking to FinanceAsia. While he expected additional supervision from the SFC to promote the...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
