Hong Kong set to become first Asian market to launch crypto ETFs

Hong Kong set to become first Asian market to launch crypto ETFs

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration

Ten fund management companies are preparing to launch spot Exchange-Traded Funds backed by virtual assets in Hong Kong, according to an executive of crypto exchange operator HashKey Group.