Securities Times: Several leading fund companies are leveraging their Hong Kong subsidiaries to indirectly arrange Bitcoin ETFs

ChainCatcher news, according to the Securities Times, several leading fund companies are leveraging their Hong Kong subsidiaries to strategically position themselves for Bitcoin ETFs. Multiple institutions, including the Hong Kong subsidiary of Harvest Fund and the Hong Kong subsidiary of Southern Fund, are applying for and planning Bitcoin ETFs, with Harvest Fund's product application to the Hong Kong Securities and Futures Commission being for a Bitcoin spot ETF.

In addition, the Hong Kong subsidiary of Huaxia Fund recently reached a cooperation agreement with a Hong Kong Bitcoin ETF custodian. Industry insiders expect that related Bitcoin ETF applications may be approved as early as the second quarter of this year.