tl;dr
Harvest Hong Kong has applied for a spot Bitcoin ETF launch on January 26, with Hong Kong’s SFC promoting Bitcoin ETFs and intending to launch the first Spot Bitcoin ETF after the Spring Festival. The regulators may imitate the US SEC by approving applications filed by multiple companies. This move...
Harvest Hong Kong has applied for a spot Bitcoin ETF launch on January 26, with Hong Kong’s SFC promoting Bitcoin ETFs and intending to launch the first Spot Bitcoin ETF after the Spring Festival. The regulators may imitate the US SEC by approving applications filed by multiple companies.
Bitcoin ETFs have been largely garnering attention since their launch on January 11, with more and more ETF issuers stepping forward. Recent reports unearthed that one of China’s largest fund companies, Harvest Hong Kong, applied for a Spot Bitcoin ETF launch on January 26. According to the report, Harvest Hong Kong, the first company to file for a spot Bitcoin ETF in Hong Kong, awaits the Securities and Futures Commission’s (SFC) approval. Another figure to publicize the news was the Chinese reporter Colin Wu, who shared an X post on the matter via his official account, Wu Blockchain.
The report also hinted at the SFC’s enthusiasm for promoting exchange-traded funds (ETFs) intending to speed up the ETF approval procedures in a bid to launch the inaugural Spot Bitcoin ETF in Hong Kong after the Spring Festival. Hong Kong’s SFC reportedly intends to align with the US Securities and Exchange Commission’s strategies for ETF approvals. Earlier this month, the US SEC approved the ETF applications filed by almost 11 financial giants. Similarly, as per the report, Hong Kong may adopt such an approach, approving the applications of multiple companies. However, as of now, there are no other companies than Harvest Hong Kong in the line.
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