Huobi Plans To Launch Crypto ETF In Hong Kong- Report
Hong Kong-listed fund manager Huobi Technology is planning to launch an exchange traded fund (ETF) that tracks popular cryptocurrencies. The firm, which is a subsidiary of popular crypto exchange Huobi Global, intends to target retail investors with the planned ETF. Huobi has written to Hong Kong’s Securities and Futures Commission (SFC), and intends to structure the ETF such that is is accessible to retail investors whose total assets are less than HK$8 million (USD1 million). The move would be the first...