Hong Kong has made headway in the realm of cryptocurrency by approving the trading of Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This puts Hong Kong at the forefront, as no other place currently offers Ethereum ETFs for investment. The US is still deliberating on this matter.
Approval of an HK ETF for Bitcoin and Ethereum signifies these cryptocurrencies are transitioning into common investment assets, easily accessible to the average person through their bank. This is a significant development.
— Joseph Young (@iamjosephyoung) April 15, 2024
Major firms such as China Asset Management, Bosera Capital, and Hashkey Capital Limited have been given approval by the Securities and Futures Commission (SFC) to introduce Bitcoin and Ethereum exchange-traded funds (ETFs). Consequently, investors now have the opportunity to easily invest in these digital assets through these ETFs.
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2024-04-15 10:44