H.K. Seen Approving Bitcoin, Ether ETFs as Soon as Monday
- Harvest, Bosera among hopefuls to get the nod, sources said
- The city is competing to become a regional digital asset hub
Hong Kong may approve exchange-traded funds investing directly in both Bitcoin and Ether, the two dominant cryptocurrencies, as soon as Monday, according to people familiar with the matter.
An international arm of Chinese asset manager Harvest Fund Management Co., as well as a partnership between Bosera Asset Management (International) Co. and HashKey Capital are among the issuers expected to get the green-light for both types of spot-crypto ETFs, the people said, asking not to be identified because the information isn’t public.