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TechFlow reported, according to Bloomberg, Hong Kong-based financial services firm Venture Smart Financial Holdings Ltd. (VSFG) said it plans to apply to the Hong Kong Securities and Futures Commission for approval to launch a spot Bitcoin exchange-traded fund (ETF) this quarter.
Brian Chan, head of investment and product group at the company, said its goal is to manage $500 million in assets by the end of this year.
According to Bloomberg, Hong Kong-based financial services firm Venture Smart Financial Holdings Ltd. (TechFlow) said it plans to apply to the Hong Kong Securities and Futures Commission for approval to launch a spot bitcoin exchange-traded fund (ETF) this quarter. Brian Chan, head of investment and product group at the company, said its target is to manage $500 million in assets by the end of this year.
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