ChainCatcher news, according to Watcher.guru, two Hong Kong asset management companies have purchased up to $112 million in U.S. spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management purchasing $38 million worth of BlackRock's IBIT ETF, another company, Ovata Capital Management, has bought four U.S. spot Bitcoin ETFs, with a total investment exceeding $74 million. Analysts believe that given Hong Kong has launched spot Bitcoin exchange-traded funds, this move by local asset management companies seems quite interesting.

ChainCatcher news, according to a report by CoinDesk citing sources, Hong Kong asset management company Metalpha has raised $5 million from Bitmain for its Grayscale-based cryptocurrency investment fund Next Generation Fund I.It is reported that Metalpha aims to raise $100 million for Next Generation Fund I, which was established in collaboration with NextGen Digital Venture Limited. As of the end of March, Metalpha has raised $20 million towards this goal. The fund invests in Grayscale products through structured derivatives, granting access to a digital asset portfolio pillar in a manner compliant with U.S. and Hong Kong laws. (Source link)

ChainCatcher news, according to the South China Morning Post, Hong Kong asset management company Pando Finance has announced the launch of two actively managed blockchain ETFs focused on virtual assets, which began trading today, allowing both traditional and retail investors to participate.Pando Finance CEO Ren Junfei stated that these two ETFs enable investors to "place orders and enter the crypto industry in a comfortable way" without the need to own a cryptocurrency wallet or open an account on a crypto trading platform. (South China Morning Post)