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Several fund Hong Kong subsidiaries will explore spot Bitcoin ETF applications

The Hong Kong Bitcoin spot ETF may be coming soon. Following the approval of the first Bitcoin spot ETF in the United States, Hong Kong financial institutions are accelerating their layout of virtual asset spot ETFs. It is reported that some fund company subsidiaries have submitted relevant applications, and some that have not yet submitted applications are also accelerating their preparations. China International Fund Management Co., Ltd. became the first institution to submit a Bitcoin spot ETF application to the Hong Kong Securities and Futures Commission. In addition, many Hong Kong institutions are eagerly anticipating this development. A representative from Huaxia Fund (Hong Kong) stated that Huaxia Hong Kong is actively studying the operation mechanism of virtual asset spot ETFs under the guidance framework of the Hong Kong Securities and Futures Commission, and is also exploring the development prospects of virtual asset ETFs in Hong Kong. Another fund company revealed that the Hong Kong Securities and Futures Commission had previously announced that it was ready to accept virtual asset spot ETF applications and that institutions had already submitted applications. In addition, some Hong Kong banks currently support customers trading virtual asset ETFs listed on the Hong Kong Stock Exchange, thus indirectly accessing the cryptocurrency market in a relatively safe manner.

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