Hong Kong-licensed cryptocurrency exchange HashKey has completed support work on product features and related infrastructure services for a potential spot Bitcoin ETF in Hong Kong. Hong Kong could reportedly approve such an ETF as early as next week.
Livio Weng, CEO of HashKey Exchange, said that fund issuers working with HashKey have completed the development of their spot Bitcoin ETFs. HashKey will provide infrastructure support for the ETFs and has entered the "integration and functional testing" stage.
"As a fund provider applying for ETFs in Hong Kong, HashKey provides underlying infrastructure support, covering trading, custody and SSA aspects," Weng said, adding that HashKey's custody business has been operating stably for more than a year, with custody assets exceeding HK$2.2 billion (US$280.7 million).
HashKey did not disclose the asset management companies it is working with. (The Block)