The Hong Kong arm of Chinese investment giant Harvest Fund Management has moved to establish a spot Bitcoin ETF.
According to local news sources, Harvest Fund Management has applied to the regulatory authority in the region to establish a spot Bitcoin ETF in Hong Kong.
Livio Weng, COO of Hong Kong-based cryptocurrency exchange HashKey, about 10 investment companies He said he was considering establishing a spot Bitcoin ETF.
One of the companies in the region, Venture Smart Financial Holdings Ltd, has launched its spot Bitcoin ETF. in this quarter plans to establish.
Gary Tiu, manager of OSL, one of the cryptocurrency exchanges in Hong Kong, for spot Bitcoin ETFs Approval could be obtained by the middle of this year he said.