Bitcoin ETF

Bitcoin

Read

Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. 
Chinese mainland-based equity funds have reportedly submitted their applications to launch spot <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> exchange-traded funds (<a href="https://crypto.news/tag/bitcoin-etf/" target="_blank" rel="">ETFs</a>) via their Hong Kong subsidiaries, according to a <a href="https://www.stcn.com/article/detail/1167888.html" target="_blank" rel="">report</a> from China’s state-owned newspaper Securities Times, which cites multiple institutions as a source. 
While the full list of China’s companies interested in offering spot Bitcoin ETFs wasn’t disclosed, <a href="https://crypto.news/large-chinese-fund-files-for-spot-bitcoin-etf-in-hong-kong/" target="_blank" rel="">it has been confirmed</a> that Harvest Fund Management’s Hong Kong branch is among those awaiting approval from the Securities &amp; Futures Commission (SFC) of Hong Kong since January. The report says other Chinese public equity funds are said to be exploring the feasibility and potential outlook of spot Bitcoin ETF products. 
 You might also like: <a href="https://crypto.news/hong-kong-crypto-regulation-market-evolution/" rel=""> Hong Kong asserts rigorous crypto regulations amid market evolution </a> 
The Hong Kong division of China Asset Management, one of the largest asset management companies in China, has reportedly also signed a cooperation agreement with Hong Kong’s licensed crypto exchange HashKey to “collectively promote and advance initiatives related to Web 3.0 in the asset management industry in Hong Kong.” Although a definitive timeline for spot Bitcoin ETFs in Asia has yet to be announced, industry insiders suggest that relevant applications could materialize as early as this quarter. 
The momentum towards spot crypto ETFs gained traction when, in late 2023, the SFC and the Hong Kong Monetary Authority issued a joint circular acknowledging the increasing interest in launching spot crypto ETFs. While the SFC has granted permission for licensed crypto providers to offer crypto futures ETFs in the region, regulatory approval for spot ETFs is still pending. 
 Read more: <a href="https://crypto.news/hong-kongs-largest-futures-bitcoin-etf-surges-500-in-aum/" rel=""> Hong Kong’s largest futures Bitcoin ETF surges 500% in AUM </a>

China’s largest mainland equity funds quietly join spot Bitcoin ETF market, report says

crypto.news

2024年4月8日公開の他の記事

Cointelegraph’s BlockShow Founder Launches Forked, Backed by Five Asian Powerhouses

Speed into Fortune: Cardano Racers Unleashes a Whopping 2,564 ADA Prize Pool!

Meet the Dogwifhat and Shiba Inu Alternative Set To Skyrocket in the Next Bull Run, Potentially M...

Altcoins That Will Make Millionaires in 2024: Insider’s Forecast

Proposed Bitcoin Mining Ban Can Be Harmful To Paraguay’s Growth

Trader Who Achieved 500% Portfolio Growth with dogwifhat (WIF) Shares the Top 4 Coins Everyone Sh...

ニュースレターを購読して暗号資産の最新情報を毎日入手！