Hong Kong authorities are proactive
It has been revealed that Hong Kong has applied for the first virtual currency Bitcoin spot ETF to be listed.
The applicant company “Harvest Hong Kong” is the Hong Kong branch of “Harvest Fund Management Co., LTD” (assets under management = $200 billion), one of the first 10 funds launched in China (1999). is. The application was submitted to Hong Kong’s Securities and Futures Commission (SFC) on the 26th.
According to Hong Kong’s “腾讯新闻”, the Securities and Futures Commission plans to approve the application for a Bitcoin ETF and debut it from February onwards.
On January 26, Harvest Hong Kong, one of China’s largest fund companies, submitted a Bitcoin spot ETF application to the Hong Kong Securities and Futures Commission. This is the first institution in Hong Kong to submit a Bitcoin spot ETF application. https:// t.co/UgMfQ6G8xQ
— Wu Blockchain (@WuBlockchain) January 29, 2024
Last December, the Securities and Futures Commission announced that it was ready to accept applications for a crypto asset (virtual currency) spot ETF. It also specified requirements for ETFs, such as handling only tokens listed on virtual currency exchanges approved by the SFC.
In addition to Harvest Hong Kong, Hong Kong-based financial services firm Venture Smart Financial Holdings (VSFG) plans to launch a Bitcoin ETF in the first quarter of this year (January-March).
connection: Hong Kong company plans to launch Bitcoin spot ETF, aiming to launch by March