Hong Kong launches Asia’s first sport Bitcoin and Ethereum ETFs

Hong Kong launched six spot bitcoin and ether exchange-traded funds (ETFs) on Tuesday (Apr 30) in a historic move for the Asian cryptocurrency market.

The ETFs, issued by China Asset Management (ChinaAMC), Bosera Asset Management, and Harvest Global Investments, allow mainstream investors to get exposure to Bitcoin and Ethereum in their portfolios without actually having to buy the coins themselves.

Data from the Hong Kong Stock Exchange (HKEX) showed that the six ETFs recorded a...