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Hong Kong’s VSFG in Talks To List Bitcoin Spot Price Funds As ETFs, Applies for VASP License and Category 7 License

Hong Kong is set to launch its first Bitcoin ETF, pending approval from regulators. The ETF, which will be managed by the Chinese asset management firm, One Asset Management, will allow investors to easily gain exposure to Bitcoin without having to directly purchase and store the cryptocurrency. The launch of this ETF is expected to bring more institutional investors into the crypto market and boost the adoption of Bitcoin in Hong Kong and beyond. However, the approval process may take some time, as regulators in Hong Kong have been cautious about approving crypto-related financial products.

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