#Hong_Kong's move to approve spot #Bitcoin ETFs managed by China Asset Management, Harvest Global, Bosera and HashKey is a strategic effort to position itself as a leading financial innovation hub in Asia and globally.

Despite the local ban on bitcoin trading (and mining) in mainland #China, the launch of spot Bitcoin #ETFs in Hong Kong will provide a legal pathway for Chinese investors to participate in the BTC market which could lead to a significant influx of Chinese capital into bitcoin (BTC).