Jia Shi and Hua Xia Fund have added virtual asset management services, with the Hong Kong Bitcoin spot ETF expected to be launched by the end of April at the earliest

2024-04-10 09:12:22

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ChainCatcher news, according to Tencent News "Frontline" report, on April 10th, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Harvest International Asset Management Company (referred to as Harvest International) and Huaxia Fund (Hong Kong) Limited (referred to as Huaxia Fund). This means that in addition to their existing traditional asset management businesses, these public funds have now added virtual asset management services.

The Hong Kong Securities and Futures Commission's official website shows that there are now 18 funds in Hong Kong that can manage "crypto" assets. However, Harvest International and Huaxia Fund are among the first public funds in Hong Kong to enter the "crypto" space.

It is reported that according to Hong Kong's procedures, after the Hong Kong Securities and Futures Commission approves the first batch of Bitcoin spot ETFs on April 15th, the Hong Kong Stock Exchange will need about 2 weeks to prepare for product listing and other matters. However, the entire Bitcoin spot ETF project has had detailed communication and planning with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days.

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