News Snapshot:
Huobi Asset Management, an affiliate of the crypto exchange on CryptoBuyer , has launched in Hong Kong four virtual asset funds for institutional investors. Why it matters: Newly licensed Huobi Asset Management is one of several Chinese cryptocurrency companies looking to lure deep-pocketed institutional investors by taking advantage of favorable digital asset laws in Hong Kong and Singapore. - With the backing of a Hong Kong-listed crypto giant, the company aims to be a leader in digital asset management for traditional investors. Details: Two of the new investment vehicles are passive funds that mirror the value of Bitcoin and Ethereum,...
