China’s fund company, Huaxia Fund, announced on Monday (15th) that its Hong Kong subsidiary, Huaxia Fund (Hong Kong), has obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset management services to investors and plans to launch Bitcoin spot ETF and Ethereum spot ETF.
According to the announcement, Huaxia Fund (Hong Kong) will collaborate with OSL, a licensed virtual asset trading platform in Hong Kong, and the custodian institution, Bank of China International (UK) 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 the two virtual asset spot ETFs jointly applied by HashKey and Bosera Asset Management (International), a Hong Kong 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 removed from both Bosera Fund and HashKey’s official websites recently, and the specific reasons are unknown.
Furthermore, Harvest Global Investments, earlier announced the approval in principle by the Securities and Futures Commission for its two major digital asset spot ETFs, but the announcement has also been removed.
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