Mutual fund conversions hit a record high in an epic year for the ETF industry

Banners during the listing ceremony of a bitcoin spot currency ETF issued by China Asset Management on the Hong Kong Stock Exchange in Hong Kong, China, Tuesday, April 30, 2024. A group of exchange-traded funds that invest directly in cryptocurrencies makes their debut in Hong Kong Kong, heralding potential competition for US Bitcoin products whose popularity has led to a record rise in the digital asset.

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