Jan 11, 2024 07:35 AM

FINANCE

Hong Kong Prepares to Launch First Spot Crypto ETFs in Asia

By Wang Xiaoqing and Han Wei

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Hong Kong has been making efforts to nurture a digital-asset hub since 2022

Hong Kong has been making efforts to nurture a digital-asset hub since 2022

Ten fund management companies are preparing to launch spot Exchange-Traded Funds backed by virtual assets in Hong Kong, according to an executive of crypto exchange operator HashKey Group.

Up to eight of the fund companies are at an “advanced stage” for the launch, Livio Weng, HashKey’s chief operating officer, told Caixin in an interview. He didn’t provide any more details.

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