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Hong Kong Exchange Open to Levered, Inverse Crypto ETF Products
Hong Kong’s stock exchange indicated the bourse is open to an expanded roster of crypto exchange-traded funds, as the city’s first spot-Bitcoin and Ether products go live. “We can continue to go into the physical spot asset, maybe composite types of products, eventually getting into maybe levered and inverse types of strategies,” Brian Roberts, head of equities product development at Hong Kong Exchanges and Clearing Ltd., said in a Bloomberg Television interview. A batch of ETFs investing directly in Bitcoin and Ether are debuting in Hong Kong on Tuesday. The level of demand for the funds will provide clues ... (full story)