- Hong Kong’s Harvest International and China Asset Management have approved the management of “Coins Circles.”
- The launch of Bitcoin spot ETF is expected by the end of April.
- Hong Kong’s Bitcoin spot ETF market is anticipated to reach approximately US$2 billion in scale.
The Hong Kong Securities and Futures Commission has granted approval to Harvest International Asset Management Company and China Asset Management (Hong Kong) Co., Ltd. for “coin circle” asset management qualifications. This move paves the way for the much-anticipated launch of a Bitcoin spot ETF, expected as early as the end of April.
The updated list of virtual asset management fund companies on the official website of the Hong Kong Securities and Futures Commission reveals the inclusion of Harvest International and China Asset Management, signifying their entry into the virtual asset industry in Hong Kong. These renowned public fund companies now possess the necessary qualifications to introduce currency fund products related to the “coin circle” to the public, including Bitcoin spot ETFs.
Harvest International, which had previo…
The post Hong Kong Approves Harvest & Huaxia for Bitcoin ETF: Launch Imminent appeared first on Coin Edition.