As Hong Kong’s Ether ETFs Face US Competition, Different Crypto Investors May Flock to City

Hong Kong may face fresh challenges as its lead in offering exchange-traded funds (ETF) that invest directly in ether, the world’s second largest cryptocurrency token, may soon disappear with the imminent launch of similar products in the much larger US market, but the city could remain attractive to a specific set of investors it tries to become a virtual asset hub.