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Markets Climb as Hong Kong Approves Cryptocurrency ETFs

Hong Kong has approved its inaugural exchange-traded funds (ETFs) monitoring digital currencies Ether and Bitcoin, marking a significant milestone for the region. This move positions Hong Kong as the first country in Asia to offer such products following the United States’ introduction of the pioneering Bitcoin spot ETFs in January.

According to different social-media platforms, several investment managers revealed they received preliminary consent from Hong Kong’s Securities and Futures Commission (SFC) to commence…

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