Insider: Hong Kong local institution Value Partners submitted an application for a virtual currency spot ETF but then voluntarily withdrew

In addition to Bosera, Huaxia, and Harvest, Hong Kong local institution Value Partners also applied to issue a virtual currency spot ETF, but it did not appear in the approved list in the end. According to people familiar with the matter, Value Partners withdrew after applying because of poor preparation, tight time, and insufficient manpower. Moreover, compared with the other three companies, Value Partners mainly does active business in Hong Kong, and its ETF business is relatively weak, so it plans to wait and see. (Blue Whale Finance)