Hong Kong regulators approve launch of spot bitcoin and ether ETFs

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Hong Kong regulators approve launch of spot bitcoin and ether ETFs
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Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said.

Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds , asset managers said.

Crypto trading is effectively banned in mainland China after a massive crackdown on the sector in 2021, however, Hong Kong has slowly been trying to make itself a regulated crypto hub.Three ETF providers have been approved by Hong Kong's Securities and Futures Commission .

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