CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Hong Kong Asset Managers Together Apply for Spot Bitcoin ETF With SFC

28.03.2024
A A
0
126
VIEWS
ShareShare

Two asset managers in Hong Kong have jointly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission (SFC). The move comes at a time when the regulator is gearing-up to approve ‘in-kind’ BTC spot ETFs in Q2 2024.

Asset managers VSFG and Value Partners announced last week that they have together applied for a spot Bitcoin ETF. Both the entities aim to secure first-mover advantages by launching the investment vehicle to both retail and institutional investors.

“Leveraging Value Partners’ extensive knowledge and track record in managing ETFs as well as VSFG’s profound experience, we are well-equipped to offer our clients with more investment options, particularly in virtual assets, helping them capture market opportunities and navigate this dynamic and evolving space,” says Value Partners CEO June Wong.

VSFG is the first virtual asset manager in Hong Kong to launch its first regulated Bitcoin fund in June 2020.

In January, Chinese asset manager Harvest Global Investments applied with Hong Kong’s Securities and Futures Commission (SFC) to launch a Bitcoin spot ETF, alongside Hong Kong-based firm Venture Smart Financial Holdings.

Hong Kong’s Spot Bitcoin ETF Race

Hong Kong is closely behind the US in approving Bitcoin spot ETFs for public trading. In December 2023, the city-state’s regulators SFC and HKMA said that they are ready to consider applications for crypto ETFs.

Yat Siu, chairman of web3 investor Animoca Brands, said the SFC is open to widening access to digital assets. Siu claimed that a spot Bitcoin ETF would be ‘uncontroversial.’

Early this year, COO of HashKey Group, Livio Weng, revealed that about 10 fund companies are gearing-up to launch a crypto spot ETF in Hong Kong.

Chinese asset management giant Harvest Fund Management’s Hong Kong subsidiary applied for a spot Bitcoin ETF on Jan. 26. The application was reportedly the first submission of its kind in the country.

The post Hong Kong Asset Managers Together Apply for Spot Bitcoin ETF With SFC appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at $4.22 trillion. Around...

Read moreDetails
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
Load More
Next Post
RippleX Team Launched AMM Protocol on XRP Ledger Network

RippleX Team Launched AMM Protocol on XRP Ledger Network

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Cathie Wood’s ARK Sells $146M in Circle Stock Amid 250% Rally — What’s Driving the Exit?

Cathie Wood’s ARK Sells $146M in Circle Stock Amid 250% Rally — What’s Driving the Exit?

3 months ago

We Asked ChatGPT Which 5 Cryptos Will Survive in 10 Years: The Answer Might Surprise You

2 years ago
zkSync Era’s ‘elegant’ fix for 921 ETH ‘stuck forever’ in smart contract

zkSync Era’s ‘elegant’ fix for 921 ETH ‘stuck forever’ in smart contract

2 years ago
Using courts for every crypto issuance will squash innovation: Grayscale CEO

Using courts for every crypto issuance will squash innovation: Grayscale CEO

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Trending

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at...

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz