News Formal

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

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong’s in-kind ETF creation could be a significant market opportunity: AnalystsHong Kong aims to enable in-kind creations and redemptions for spot Bitcoin ETFs in the second quarter.
Source: Cointelegraph - 🏆 562. / 51 Read more »