TechFlow news, Tencent Finance "First Line" has exclusively learned from multiple sources that the Hong Kong Securities and Futures Commission (SFC) added two new public fund management companies for virtual asset management on April 10. Harvest Global Investments Limited and China Asset Management Co., Ltd. will expand their existing traditional asset management businesses to include virtual asset management services, allowing them to launch products such as spot Bitcoin ETFs.
The move aims to prepare for the expected release of Hong Kong's first batch of approved spot Bitcoin ETFs on April 15. According to Tencent Finance "First Line," the SFC originally planned to list spot Bitcoin ETFs in Hong Kong around April 25, and no later than the end of April.
Currently, there are 18 funds in Hong Kong authorized for virtual asset management. However, institutional investors generally believe the market size of spot Bitcoin ETFs in Hong Kong may reach only about one-tenth of that in the United States.
