Jia Shi Fund and Southern Fund's Hong Kong subsidiaries have applied for a Bitcoin spot ETF

ChainCatcher news, according to The Block, Chinese asset management companies Harvest Fund and Southern Fund's Hong Kong subsidiaries have applied to regulators to offer a Bitcoin spot ETF, which will allow Hong Kong investors to invest in Bitcoin.

It is reported that the total assets managed by these two companies exceed $200 billion. This move is seen as an anticipation of the first appearance of cryptocurrency ETFs in the Hong Kong market.