Share this article
Several prominent asset management companies, including China Asset Management (Hong Kong), Bosera Capital, and HashKey Capital Limited, have announced that their applications for Bitcoin and Ethereum spot exchange-traded funds (ETFs) have been approved by the Hong Kong Securities and Futures Commission (SFC). This approval allows investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
China Asset Management (Hong Kong), an asset management company in the Hong Kong market and an overseas subsidiary of China Asset Management, has received approval from the SFC to provide virtual asset management services to investors. The company now plans to issue ETF products that can invest in spot Bitcoin and spot Ethereum.
To facilitate this endeavor, China Asset Management (Hong Kong) has partnered with OSL Digital Securities Co., Ltd., a leading player in the virtual asset industry, and BOC International Prudential Trusteeship Ltd., a prominent custodian. Together, they are actively researching and deploying strategies to offer these innovative investment products to their clients.
China Asset Management, established in Hong Kong in 2008, was among the first batch of Chinese asset management companies to expand overseas. Its parent company, China Asset Management, is one of the largest fund companies in China, with total assets under management exceeding US$266 billion as of December 31, 2023.
Over the past 16 years, China Asset Management (Hong Kong) has developed a strong local investment research team and offers a diversified range of products, including long-term stock and bond funds, hedge funds, ETFs, leveraged/inverse products, and separate accounts. The company is committed to providing investment advisory services to individual and institutional investors across Hong Kong, Greater China, Asia Pacific, Europe, and the United States.
In addition to China Asset Management (Hong Kong), Harvest Global Investments has also announced that the SFC has approved in principle their Bitcoin and Ethereum digital asset spot ETF products.
The approval of these spot ETFs by the Hong Kong Securities and Futures Commission marks a significant milestone in the integration of traditional finance and the rapidly growing digital asset space. It demonstrates the increasing acceptance and legitimization of cryptocurrencies as an investable asset class and is expected to attract more institutional and retail investors to the market.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Be the first to comment