Hong Kong Gives Initial Bitcoin, Ether ETF Nod, Issuers Say
- Harvest and HashKey are among those saying they got approvals
- Bitcoin extended gains as crypto got lift from city’s decision
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Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.
Harvest Global Investments Ltd. and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. announced initial approvals in separate statements on Monday.