Victory Securities (stock code: 8540.HK) and EMC Labs announced the launch of the compliant Bitcoin fund Victory EMC BTC Cycle Fund, which has been approved by the Hong Kong Securities and Futures Commission for market entry. The fund is aimed at qualified professional investors and actively and periodically allocates Bitcoin based on data mining and industry research. This is currently the only virtual asset fund in Hong Kong that has been approved by the Securities and Futures Commission and accepts stablecoin subscriptions. Victory Securities Executive Director Chen Peiquan said that the fund will be able to accept deposits in US dollars, USDC or USDT, providing investors with a convenient way to participate in the compliant licensed virtual asset market.
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