Hong Kong-based financial firm Venture Smart Financial Holdings (VSFG) is preparing to apply to establish a spot Ethereum ETF.
said Lawrence Chu, Chief Executive Officer of VSFG. spot Bitcoin ETF He said that they will soon submit the application they have prepared for the Hong Kong Securities and Futures Commission.
According to Chu’s statements, issuers in Hong Kong have not received any information regarding the funds they plan to establish. with regulators before applying. They meet. Chu, “Sending the application means you already have almost 95% approval.” said.
The company also plans to apply for a spot Ethereum ETF in the second quarter if the spot Bitcoin ETF is approved this quarter.
Chu, “But this entirely depends on our discussions with the regulator. “We will be ready.” said.
Livio Weng, COO of HashKey, one of the cryptocurrency exchanges in Hong Kong, said he is considering applying to establish a spot cryptocurrency ETF. There are 10 companies he said.