The first Hong Kong exchange-traded funds investing directly in crypto have so far failed to spark the kind of excitement that greeted rival US products, a blow for the city’s push to foster a preeminent digital-asset hub.
Total assets at the batch of six Bitcoin and Ether ETFs have dropped about $25 million from the $293 million amassed when they debuted two weeks ago, reflecting in part investor outflows, data compiled by Bloomberg show.
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Sidhartha Shukla
https://www.bloomberg.com/news/articles/2024-05-16/hong-kong-s-shaky-crypto-etf-debuts-dent-global-hub-aspirations
2024-05-16 07:00:00
