Hong Kong Vies With US in Bitcoin ETF Market After Crypto’s Revival
- Spot-Bitcoin, Ether funds began trading in the city Tuesday
- China’s Harvest argues Hong Kong crypto AUM can top US
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A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for US Bitcoin products whose popularity stoked a record rally in the digital asset.
Harvest Global Investments Ltd., the local unit of China Asset Management, and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. each listed Bitcoin and Ether ETFs in the city.