Hong Kong spot crypto ETFs are set to debut tomorrow, and here are 6 things to watch:
1. The Hong Kong exchange already trades Bitcoin futures and other cryptocurrency contracts.
2. All Hong Kong ETFs account for 0.6% of the US ETF market.
3. Hong Kong's spot cryptocurrency ETFs will have at least one significant feature that is significantly different from such products in the United States, namely the ETF redemption method.
4. Hong Kong's spot Ethereum ETF is not the only such ETF launched globally.
5. Mainland Chinese investors will not be able to buy Hong Kong Bitcoin ETFs.
6. China Asset Management is the largest issuer by assets under management.
(Cointelegraph)