#BTC🔥🔥🔥🔥🔥🔥 Hong Kong spot crypto ETFs to start trading next week.
(Reuters) -Hong Kong-listed spot bitcoin and ether exchange traded funds aim to start trading on April 30, three asset managers that provide the products said on Wednesday.
The financial hub is set to be Asia's first to accept cryptocurrency products as a mainstream investment tool, and the products have also received official regulatory approval from the Securities and Futures Commission, according to the Hong Kong markets watchdog's website.
The approval of the new Hong Kong products comes just three months after the U.S. launched its first ETFs to track spot bitcoin. Those ETFs have already drawn roughly $12 billion in net inflows, and contributed to a surge in bitcoin's price earlier this year.
