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Hong Kong-based asset manager VSFG, in collaboration with Value Partners, has submitted an application to the Hong Kong Securities and Futures Commission for a spot Bitcoin ETF. The application aims to launch the ETF in May, with a focus on Bitcoin. VSFG is also targeting to apply for a spot Ethereum ETF in Q2. The total value of the asset managers, Value Partners and VSFG, is $5.9 billion.
Hong Kong’s incoming in-kind spot #Bitcoin ETF has an entirely different relationship between supply and demand compared to US competitors. These investment opportunities can change the global ETF paradigm, assuming they can overcome local skepticism. ➡️ https://t.co/Q06DFcDrkc https://t.co/GjNB8Uhpe9
HONG KONG FIRM VSFG SEEKS APPROVAL FOR SPOT BITCOIN ETF, TARGETS MAY LAUNCH VSFG has applied for a spot Bitcoin ETF in Hong Kong and aims to launch it as early as May. Brian Chan, the group head of investment and products, mentioned that they are in active discussions with the… https://t.co/YZNqlhC0cE
🗞️ Crypto News VSFG, an asset management company, and its partner, Value Partners, have submitted an application for a spot bitcoin exchange-traded fund (ETF). 🔗 https://t.co/wiK9AmMAhS #CryptoNews