Venture Smart Financial Holdings Ltd., a Hong Kong-based financial services firm, has submitted its application for a spot bitcoin exchange-traded fund — and aims to launch the ETF as early as May.
“But we're also keeping June in our sights just to be on the safe side,” Chan said. “It's tough to pin down an exact date with regulatory processes, but we're in active discussions with the SFC. We've hit the ground running with their initial feedback and are working together closely.”
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