Hong Kong's first batch of cryptocurrency spot ETFs will be traded on the Hong Kong Stock Exchange from tomorrow, making it the first city in Asia to accept popular cryptocurrencies as a major investment tool. China Asset Management (Hong Kong), one of the first issuers of spot ETFs, plans to issue 1 Bitcoin and 1 Ethereum ETF, denominated in Hong Kong dollars, RMB and US dollars. Zhu Haokang, head of digital asset management and family wealth management at China Asset Management Hong Kong, expects to attract more cryptocurrency miners and market investors from Singapore and the Middle East who do not have related products. Zhu Haokang revealed that he has communicated with some family offices in Hong Kong, Asia and overseas, and many have expressed great interest. He believes that more family offices will participate in investing in virtual assets in the future.
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