News Snapshot:
Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds . The funds include a Fund, an fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set up in Hong Kong, even though Huobi maintains several...
