According to PANews, Securities Times revealed that several leading fund companies are deploying Bitcoin ETFs through their subsidiaries in Hong Kong. Several institutions, including Harvest Fund Hong Kong and Southern Fund Hong Kong, are applying for and deploying Bitcoin ETFs. Among them, the product that Harvest Fund applied to the Hong Kong Securities Regulatory Commission is a Bitcoin spot ETF. China Asset Management's Hong Kong subsidiary recently reached a cooperation with a Hong Kong Bitcoin ETF custodian. Industry insiders predict that the relevant Bitcoin ETF application may be implemented as early as the second quarter of this year.
Market insiders believe that if the Hong Kong subsidiaries of leading public funds apply for Bitcoin ETF products and further prove their operational maturity and market development potential, more leading public funds may use their Hong Kong subsidiaries to deploy Bitcoin business. Currently, about 30 public funds have established subsidiaries in Hong Kong.
