Venture Smart Financial seeks to launch Hong Kong's first spot Bitcoin ETF

Venture Smart Financial seeks to launch Hong Kong's first spot Bitcoin ETF

The move comes as the SFC has opened the door for cryptocurrency ETFs, with three futures-based crypto ETFs already operating in Hong Kong, collectively managing $50 million in AUM. The announcement indicates a growing interest in cryptocurrency investment products in the region, with Samsung (KS:005930) Asset Management also exploring the possibility of offering a spot ETF.

As of now, there have been no further updates from the regulatory body since the release of the new guidelines.

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