Chinese fund managers apply to launch Hong Kong's first bitcoin ETFs

City aims to boost appeal by expanding access to crypto assets

20240411 Crypto HK office

A woman stands at the counter of a Crypto HK office in Hong Kong in January. The city looks set to welcome bitcoin exchange-traded funds. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- At least two Chinese fund managers have applied to launch bitcoin exchange-traded funds (ETFs) in Hong Kong, as the city looks to burnish its financial hub credentials by following the U.S. in allowing widely accessible products tied to cryptocurrency assets.

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