Hong Kong subsidiaries of Chinese asset managers apply for spot bitcoin ETFs | Headlines | News | CoinMarketCap
04/08/2024 22:30
The Hong Kong subsidiaries of two China-based …
The Block Crypto News15 minutes ago
Foresight
ETF
Bitcoin
Block
ETF
Published on April 08, 2024 15:12 GMT+00:00edited on April 08, 2024 15:14 GMT+00:00
The Hong Kong subsidiaries of two China-based asset management firms have submitted applications to offer spot bitcoin exchange-traded funds in the administrative region.
Harvest Fund and Southern Fund, both located in Hong Kong and each managing assets worth more than $200 billion, filed requests on Monday to offer the funds, Bitcoin Magazine reported, citing the state-owned Securities Times. Due to severe restrictions on cryptocurrency trading and mining, asset managers cannot offer ETFs in mainland China.
The news follows reports that Harvest Fund's Hong Kong arms had submitted an …