Hong Kong SFC approves Bitcoin and Ethereum spot ETF

Hong Kong Sfc Approves Bitcoin And Ethereum Spot Etfs


Share this article

Several prominent asset management companies, including China Asset Management (Hong Kong), Bocera Capital and Hashkey Capital Limited, have announced that their applications for Bitcoin and Ethereum spot exchange-traded funds (ETFs) have been accepted by Hong Kong Securities and Futures. Commission (SFC). This approval allows investors to directly use Bitcoin and Ethereum to subscribe to the respective ETF shares.

China Asset Management (Hong Kong) is an asset management company in the Hong Kong market and a foreign subsidiary of China Asset Management has been licensed by the SFC to provide virtual asset management services to investors. The company now plans to launch ETF products that can invest in spot bitcoin and access to ethereum.

Phemex

To facilitate this effort, China Asset Management (Hong Kong) has partnered with OSL Digital Securities Co., Ltd. and BOC International Prudential Trusteeship Ltd., a leading player in the virtual asset industry. He has partnered with the famous Guardian. Together, they are actively researching and developing strategies to offer these innovative investment products to their clients.

In the year Established in Hong Kong in 2008, China Asset Management is one of the first Chinese asset management companies to expand overseas. Its parent company, China Asset Management, is one of China's largest fund companies, with total assets under management of over $266 billion as of December 31, 2023.

Over the past 16 years, China Asset Management (Hong Kong) has developed a strong domestic investment research team and offers long-term stock and bond funds, hedge funds, ETFs, leveraged/inverse products and a variety of products. Accounts. The company is committed to providing investment advisory services to individual and institutional investors in Hong Kong, Greater China, Asia Pacific, Europe and the Americas.

In addition to the China Asset Management (Hong Kong), Harvest Global Investments has announced that the SFC has approved in principle its Bitcoin and Ethereum digital asset space ETF products.

The approval of these ETFs by the Hong Kong Securities and Futures Commission is a major milestone in the integration of traditional finance and the rapidly growing digital asset space. It reflects the growing acceptance and legitimacy of cryptocurrencies as an investment asset class and is expected to attract more institutional and retail investors to the market.

Share this article

The information on or included in this website is obtained from independent sources that we believe to be accurate and reliable, but we make no representations or warranties as to the timeliness, completeness or accuracy of any information on or accessible from this website. . Decentralized Media, Inc. Not an investment advisor. We do not provide personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or may be incomplete or incorrect. We may, but are not obligated to, update any outdated, incomplete or inaccurate information.

Crypto Briefing may include articles with AI-generated content created by Crypto Briefing's own proprietary AI platform. We use AI as a tool to deliver fast, useful and actionable information without losing the insight – and control – of experienced crypto natives. All AI-added content is carefully reviewed, for accuracy, by our editors and writers, and we always draw from multiple primary and secondary sources to create our stories and articles.

You should not make an investment decision in an ICO, IEO or other investment based on the information on this website and you should never interpret or rely on any information on this website as investment advice. If you are seeking investment advice on an ICO, IEO or other investment, we strongly recommend that you consult a licensed investment advisor or other qualified financial professional. We do not receive compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities or commodities.

See full terms and conditions.

Leave a Reply

Pin It on Pinterest