![Hong Kong Lists Crypto ETFs as City Vies With US for Inflows](https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-2150283760-e1734459403426.jpg?w=1440&q=75)
Signage during the listing ceremony of a spot-Bitcoin ETF issued by China Asset Management at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, April 30, 2024. A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong, heralding potential competition for US Bitcoin products whose popularity stoked a record rally in the digital asset.
Photographer: Paul Yeung/Bloomberg via Getty Images