What cryptos are approved by Hong Kong?|HONGKONG/SHANGHAI, April 15 (Reuters) - Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia's first to accept the cryptocurrencies as a mainstream investment tool.
What cryptocurrencies have been conditionally approved by Hong Kong? Can you elaborate on the details of this approval, including the names of the approved bitcoin and ether exchange traded funds (ETFs)? Does this approval signify a larger trend towards the acceptance of cryptocurrencies as a mainstream investment tool in Asia? What are the potential implications of this approval for Hong Kong's financial industry and investors?