On Monday, Hong Kong marked a notable step forward in its ambition to become a central cryptocurrency hub in Asia by approving the first batches of spot Bitcoin and Ether exchange-traded funds (ETFs). This move highlights the region’s ambition to take a leading role in the global crypto financial sector. A breakthrough in asset management The Hong Kong unit of the major Chinese asset manager, China Asset Management, received approval from the Hong Kong Securities and Futures Commission to offer retail spot crypto ETFs. In collaboration with OSL and BOCI International, the company plans to launch both Bitcoin and ... (full story)