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Hong Kong Crypto ETF Launches Will Test Ambition to Be Digital-Asset Hub
Hong Kong is set to follow in the footsteps of the US by listing a batch of cryptocurrency exchange-traded funds, providing a window on whether the city is making progress on fashioning a hub for digital assets. Some of China’s top asset managers are in the final leg of preparations for the spot-Bitcoin and Ether ETFs to begin trading potentially by the end of April. The launches will likely invite comparison with a slew of three-month-old US Bitcoin funds that took Wall Street by storm, garnering $56 billion in assets to date. Hong Kong for more than a year has been vying with the likes of Singapore and Dubai to ... (full story)