Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

Hong Kong-based Harvest Fund Management Applies to Launch a Spot Bitcoin ETF

Regulation: Hong Kong-based Harvest Fund Management Applies to Launch a Spot Bitcoin ETF

Harvest Hong Kong, a subsidiary of investment firm Harvest Fund Management (HFM), recently applied to list a spot bitcoin-ETF. This was reported by journalist Colin Wu, citing local media.

The application has been submitted to the Securities and Futures Commission of Hong Kong (SFC) for approval of the new product. If the decision is positive, HFM intends to start trading after February 10.

It is worth noting that Harvest Fund Management is one of the leading investment funds in #China, managing about $200 billion in assets.

This development comes shortly after the US Securities and Exchange Commission (SEC) authorized the creation of a spot bitcoin ETF.

Earlier this month, Livio Weng, chief operating officer of Hong Kong-based crypto exchange #HashKey, said about 10 companies are currently exploring the possibility of launching cryptocurrency ETFs in Hong Kong.

In December, Hong Kong's regulator announced that it was ready to accept applications for crypto exchange-traded funds. The regulator also outlined specific requirements for such products, including the need to work with assets listed on SFC-approved exchanges.

In addition to Harvest Hong Kong, another Hong Kong-based company, Venture Smart Financial Holdings (VSFG), plans to launch a #bitcoin ETF in the first quarter of 2024. In addition, Gary Tiu, CEO of OSL Crypto Exchange, predicts that the listing of exchange-traded funds in the region is likely to happen around mid-2024.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: MEXC Joins Forces with Falcon Finance to Launch USDf Campaign with $1 Million Prize Pool
MEXC, a leading global cryptocurrency exchange, has announced a collaboration with Falcon Finance to launch a USDf campaign featuring a total prize pool of $1 million. The campaign runs..
Press Releases: MEXC Unveils Futures Earn to Enable Passive Income from Futures Trading
MEXC, a leading global cryptocurrency exchange, has officially launched its new Futures Earn product, offering annualized returns of up to 15%.
Press Releases: NorthDirect.com Review: How It Balances Platform, Support, and Learning
Investing in 2025 feels different, faster and more demanding. Investors want more than just access to the market. They want clarity, variety, and tools that actually fit the way they trade..
Press Releases: MEXC Copy Trade Showdown Concludes with $6.6 Billion in Trading Volume
MEXC, a leading global cryptocurrency exchange, announced the conclusion of its Copy Trade Showdown, which generated over $6.6 billion in trading volume, demonstrating strong user trust and..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more