Hong Kong approved the applications of three separate asset management firms, to start spot Bitcoin and Ethereum exchange traded funds.
The new ETF issuers will be Harvest Global Investments, a partnership between HasKey Capital Ltd and Bosera asset Management as well as the Hong Kong unit of China asset Management.
Custodial services will be provided by OSL Digital Securities Ltd as reported by the firm in a statement on Monday. The time of launch is still not disclosed.