Hong Kong Crypto ETF Launches Will Test Ambition to Be Digital-Asset Hub
- Asset managers are due to list spot-Bitcoin and Ether funds
- City has a tough act to follow after the success of US ETFs
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Hong Kong is set to follow in the footsteps of the US by listing a batch of cryptocurrency exchange-traded funds, providing a window on whether the city is making progress on fashioning a hub for digital assets.
Some of China’s top asset managers are in the final leg of preparations for the spot-Bitcoin and Ether ETFs to begin trading by the end of April. The launches will likely invite comparison with a slew of three-month-old US Bitcoin funds that took Wall Street by storm, garnering $56 billion in assets to date.