According to the Daily Planet, Value Partners Hong Kong Fund Management and VSFG have signed a memorandum of understanding. The two parties will provide retail and institutional investors with innovative investment solutions that combine virtual assets with traditional investment tools. As the first step of the cooperation, the two Hong Kong companies will jointly explore the launch of a Bitcoin spot ETF in Hong Kong. Previously, VSFG planned to submit an application to the Hong Kong Securities and Futures Commission to launch a spot Bitcoin ETF this quarter. Brian Chan, head of the company's investment and product group, said the goal is to manage assets of US$500 million by the end of this year.