Huobi Tech seeks to launch a Hong Kong ETF to track cryptocurrencies as advocates bet on easier rules for retail investors to indirectly own virtual assets

Source: Tech – South China Morning PostHuobi Tech is seeking to expand its exchange-traded fund (ETF) business in Hong Kong with a financial product that tracks cryptocurrencies for retail investors, taking a cue from the city’s recent guidelines for the sale of virtual assets.The Hong Kong-listed company has submitted a plan to the Securities and Futures Commission (SFC), structuring the financial product so that it is accessible to retail investors with less than HK$8 million (US$1 million) in assets, according to people familiar…Read More

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