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As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected source: some of the biggest traditional asset managers in Mainland China.

Hong Kong’s new ETF has been in the making for several months now, and it’s been attracting no small amount of interest in the digital asset space worldwide. Not only is its in-kind generation model a totally different protocol than the style of Bitcoin spot ETF popularized by the United States, but it’s also an important foothold for ETF acceptance in East Asia. The already-approved Hong Kong futures ETF’s total assets under management (AUM)

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