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💡💡💡Good news for crypto🚀🚀🥳 China Asset Management (Hong Kong) has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset management services to investors. It now plans to issue ETF products that can invest in spot Bitcoin and spot Eth..
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Bloomberg analyst Eric Balchunas predicted that Hong Kong's spot bitcoin ETF may attract only $500 million due to its smaller market and higher fees compared to the United States.
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