Hong Kong financial firm VSFG plans to launch spot Bitcoin ETF as early as May
Jinse Finance reported that Hong Kong financial services company Venture Smart Financial Holdings Ltd. has submitted an application for a spot Bitcoin exchange-traded fund and plans to launch the ETF as early as May. Brian Chan, group director of investments and products at VSFG, said the team hopes to launch in May "if all goes well." But to be on the safe side, we will also set our sights on June." It is difficult to determine the exact date through the regulatory process, but we are actively discussing it with the Securities Regulatory Commission."
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