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Hong Kong finance firm VSFG aims to launch spot bitcoin ETF as early as May

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The firm said it has filed its spot bitcoin ETF application with the SFC and is 'in active discussion' with the Hong Kong regulator.

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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