Yibo Financial plans to apply for Hong Kong VASP and Type 7 license, intending to launch a Bitcoin spot fund ETF in Hong Kong

ChainCatcher news, asset management company Yibo Financial plans to apply for a Virtual Asset Service Provider (VASP) license from the Hong Kong Securities and Futures Commission, as well as a Type 7 (providing automated trading services) license. At the same time, it is in discussions with several ETF issuers and the Securities and Futures Commission, planning to list its Bitcoin spot fund in the form of an ETF in Hong Kong. (Source link)