Value Partners Hong Kong Fund Management and VSFG announced the signing of a memorandum of understanding. The two parties will provide retail and institutional investors with innovative investment solutions that combine virtual assets and traditional investment tools. As the first step in cooperation, the two Hong Kong companies will jointly explore the launch of a Bitcoin spot ETF in Hong Kong. (Economic Journal)
Earlier news, Hong Kong financial services company Venture Smart Financial Holdings Ltd. (EBO Financial) said that it plans to submit an application to the Hong Kong Securities Regulatory Commission to launch a spot Bitcoin ETF this quarter.
Brian Chan, head of the company's investment and products group, said: "This is a market with huge potential and our goal is to reach US$500 million in assets under management by the end of this year."