Informed sources: Huiri had applied to issue a virtual currency spot ETF but withdrew due to inadequate preparations

ChainCatcher news, according to Blue Whale Finance, in addition to Bosera, Huaxia, and Harvest, the Hong Kong local institution Value Partners also applied to issue a virtual currency spot ETF, but ultimately did not appear on the approved list.

Insiders said that Value Partners voluntarily withdrew after applying, citing inadequate preparation, tight timelines, and insufficient manpower. Moreover, compared to the other three companies, Value Partners primarily engages in active management in Hong Kong, making its ETF business relatively weak, so they plan to wait and see.