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TechFlow reports that Hong Kong subsidiaries of Chinese asset management firms Harbin Fund and Southern Fund have applied to regulators for spot Bitcoin ETFs, which would allow Hong Kong investors to gain exposure to Bitcoin. The two companies collectively manage over $200 billion in assets. This move is seen as anticipation for the initial launch of cryptocurrency ETFs in the Hong Kong market.
Chinese asset management firms Harbin Fund and Southern Fund have submitted applications through their Hong Kong subsidiaries to regulators for spot Bitcoin ETFs, which would allow Hong Kong investors to gain exposure to Bitcoin. The two firms collectively manage over $200 billion in assets. This move is seen as anticipation surrounding the initial launch of cryptocurrency ETFs in the Hong Kong market.
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