Crypto market maker Wintermute announced today that it will provide liquidity to OSL and HashKey for Hong Kong’s spot bitcoin and ether exchange-traded funds, in an attempt to “foster Wintermute’s presence in the Asia crypto markets.”

In a Wednesday statement, Wintermute said that it plans to work closely with OSL and HashKey — both sub-custodians for the spot crypto ETFs in Hong Kong — on buying, selling and delivery of underlying bitcoin and ether for the spot ETFs.

“ETFs play a key role in bringing the next wave of investors into the crypto space, both institutional and retail, and without companies like Wintermute providing liquidity, this would not be possible,” Evgeny Gaevoy, CEO of Wintermute, said in the statement. “Hong Kong has established itself as a leading advocate for …