Cryptocurrency

Future

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Hong Kong subsidiaries of Harvest Fund and Southern Fund have applied to offer spot Bitcoin ETFs.</li>
 <li>These applications follow the Hong Kong authorities’ decision to accept applications for crypto-based ETFs.</li>
</ul>
<p>The Hong Kong branches of Harvest Fund and Southern Fund, two Chinese asset management firms, have applied to introduce spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs).</p>
<h2 id="applications-amid-cryptocurrency-restrictions">Applications Amid Cryptocurrency Restrictions</h2>
<p>Both firms manage assets exceeding $200 billion and submitted their applications on Monday. This information was reported by Securities Times, a state-owned media outlet. Mainland China’s strict limitations on cryptocurrency trading and mining prevent these asset managers from offering ETFs there.</p>
<h2 id="previous-attempts-and-future-prospects">Previous Attempts and Future Prospects</h2>
<p>Earlier this year, Harvest Fund’s Hong Kong branch had already applied for a spot Bitcoin ETF. Crypto investors have been waiting for the introduction of spot Bitcoin ETFs in the Hong Kong market for several months. In 2022, the Hong Kong Monetary Authority and the Securities and Futures Commission announced they were open to accepting applications for crypto-based ETFs. If approved, these funds would provide Hong Kong investors with a way to invest in Bitcoin. Last year, the Hong Kong business arm of Harvest Fund Management launched a futures crypto ETF.</p>

Chinese Firms’ Hong Kong Branches Seek Approval for Bitcoin ETFs

Tabla de contenidos

crypto.ro global

Otros artículos publicados el 8 abr 2024

Crypto Trader Who Turned $353 To $8.3 Million Identifies The Next Ethereum-Based Crypto To Do A 1...

This Crypto Coin is up 35x in April; Could It be the Next Shiba Inu (SHIB)?

Top 5 Gainers Of The Past Week: BEL, WMT, ENA, MUBI, TOSHI

Lawyer Bill Morgan Clarifies XRP’s Legitimacy and Dispels Market Fears

Furrever Token: Cuteness Meets ROI Potential, Surpassing Solana (SOL) and Ethereum (ETH) Hype

XRP Price Primed for Surge, Targets $0.65 and $0.70

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!