Robert Zhan News Today

HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 2% by midday, reflecting Asian investor enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in Asia and come just three months after the U.S. launched its first ETFs to track spot bitcoin.

The ETF launch puts Hong Kong in direct competition with the US for crypto investors.