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Business > Foreign Business
HK approves first Bitcoin, ether ETFs
By Agence France-Presse
Apr 17, 2024 12:31 am

HONG KONG: Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-Bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.

ChinaAMC (HK), the city's unit of China Asset Management, said in a statement it had received regulatory approval from Hong Kong's Securities and Futures Commission of Hong Kong (SFC) for the provision of virtual asset management services.

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