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Hong Kong conditionally approves first bitcoin and ether ETFs
Hong Kong conditionally approves first bitcoin and ether ETFs
Economy
by  AFP

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools. The company is "actively deploying resources in the development of spot Bitcoin ETF and spot Ethereum ETF", it said.

US retail sales up more than expected in March
US retail sales up more than expected in March
Economy
by  AFP

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand. While resilience in consumer spending has helped US economic growth in the last year, analysts expect demand to cool this year amid cost fatigue and high interest rates.