Major fund companies are utilizing their Hong Kong subsidiaries to pioneer the development of Bitcoin ETFs, with Southern Fund leading the charge. Insights suggest a potential launch in Q2.
Hedge fund companies are strategically using their Hong Kong branches to delve into the cryptocurrency market, especially Bitcoin exchange-traded funds (ETFs). Recent reports reveal active participation from Harvest Fund and Southern Fund’s Hong Kong subsidiaries in Bitcoin ETF application and development.
Harvest Fund has taken proactive steps by applying for a Bitcoin spot ETF with the Hong Kong Securities Regulatory Commission, showcasing a forward-thinking stance towards cryptocurrency investments.
Speculations within the industry hint at possible Bitcoin ETF launches in the second quarter of this year, indicating significant momentum as fund companies explore innovative investment avenues.
Southern Fund’s subsidiary, Southern Dongying, has emerged as a trailblazer by launching Asia’s first cryptocurrency ETF, marking a milestone in the crypto investment landscape.
Market analysts foresee regulatory progress leading to the launch of Bitcoin spot ETFs in Hong Kong. Value Partners and VSFG have jointly applied for approval, indicating new opportunities for investors and fund companies.
HashKey anticipates clarity on Hong Kong Bitcoin spot ETFs in the coming months, reflecting growing interest and confidence in cryptocurrency investments.
