China’s fund company Huaxia Fund’s Hong Kong subsidiary, Huaxia Fund (Hong Kong), announced on Monday (15th) that it has obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset management services to investors and plans to issue Bitcoin Spot ETF and Ethereum Spot ETF.
According to the announcement, Huaxia Fund (Hong Kong) will collaborate with the licensed virtual asset trading platform OSL and custodian institution Bank of China International Prudential Trustee Limited to conduct research and deployment on these ETF products.
In addition, HashKey, a licensed exchange in Hong Kong, also issued an announcement earlier stating that two virtual asset spot ETFs jointly applied by HashKey and Bosera Asset Management (International), a subsidiary of China’s fund management company Bosera Fund, have obtained conditional approval from the Hong Kong Securities and Futures Commission. However, this joint statement has been taken down from both Bosera Fund and HashKey’s official websites recently, and the specific reasons are unknown.
Furthermore, the announcement by Harvest Global Investments regarding the conditional approval of its two major digital asset spot ETFs by the Securities and Futures Commission has also been taken down.
