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Hong Kong spot crypto ETF will debut tomorrow, China Asset Management is the largest issuer
2024-04-29 12:29:09
Odaily News Hong Kong's spot crypto ETF will debut tomorrow, and here are 6 things to watch: 1. The Hong Kong Stock Exchange already trades Bitcoin futures and other cryptocurrency contracts. 2. All Hong Kong ETFs account for 0.6% of the US ETF market. 3. Hong Kong's spot cryptocurrency ETF will have at least one significant feature that is significantly different from such products in the United States, namely the ETF redemption method. 4. Hong Kong's spot Ethereum ETF is not the only such ETF launched globally. 5. Mainland Chinese investors will not be able to buy Hong Kong Bitcoin ETFs. 6. China Asset Management is the largest issuer by asset management scale. (Cointelegraph)