As Hong Kong’s ether ETFs face US competition, different crypto investors may flock to city

Quick Summary:

Hong Kong’s approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes.

By including ether in its crypto ETF approvals, Hong Kong was seen as having a unique advantage over the US, if only briefly.

Investors based in Asia who want to avoid the hurdle of opening a US brokerage account and paying the country’s capital gains tax would prefer products listed in Hong Kong, analysts previously told the Post.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Xinmei Shen

Category: Business

Markets: Hong KongChina

Topics: Crypto Ether Bitcoin Etfs Launch Investors Asset City Hong Spot Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 07:00:12 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 657 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21668470

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 17 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions