Institutional Confidence Drives Hong Kong Firm’s Crypto ETF Bet
China Financial Leasing Group Ltd, a Hong Kong-listed financial services firm, has revealed its first direct exposure to digital assets through allocations in physical Bitcoin and Ethereum exchange-traded funds (ETFs). This strategic move, outlined in the company’s unaudited interim results for the six months ending June 30, 2025, marks a notable step in institutional adoption of cryptocurrencies amid a backdrop of rising Bitcoin prices and a weakening U.S. dollar. The company reported a significant turnaround in financial performance, with a net profit of HK$1,836,000 for the period, compared to a loss of HK$8,679,000 in the same period the previous year. This improvement was attributed to a net gain on financial assets and an…
