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Hong Kong funds seek approval for crypto-linked retail ETFs

City vies to become digital asset hub amid sector turmoil

Exchange-traded funds dealing with cryptocurrency futures will allow investors to make transactions through regulated financial products. (Source photos by Reuters)

HONG KONG -- Three asset management companies have applied to launch exchange-traded funds (ETFs) tracking cryptocurrency futures for retail investors in Hong Kong after the city signaled it would allow more local exposure to digital assets.

CSOP Asset Management, Samsung Asset Management and Mirae Asset Global Investments applied with the Securities and Futures Commission (SFC) to list ETFs that invest in bitcoin and ether futures traded on the Chicago Mercantile Exchange, according to people familiar with the plans.

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