Hong Kong regulators approve spot bitcoin and ether ETFs

News Snapshot:

ChinaAMC said that it had received regulatory approval for the provision of "virtual asset management services" and it is "actively deploying resources in the development" of a spot bitcoin and ether ETF. OSL Digital Securities will be a custodian for ChinaAMC. Three ETF providers have been approved by Hong Kong's Securities and Futures Commission (SFC). Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend . Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these...