Harvest Global Investments, a leader in asset management in China, is advancing the Hong Kong cryptocurrency market with an application for a spot Bitcoin ETF. This step is a significant milestone, reflecting the growing interest and acceptance of cryptocurrencies on the global financial scene.
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Recently, the Hong Kong Securities and Futures Commission (SFC) announced its willingness to consider applications for spot cryptocurrency ETFs. In response, Harvest Global, along with Venture Smart Financial Holdings, is seeking approval to launch such financial products. These ETFs would allow investors to gain direct exposure to Bitcoin without needing to physically own the cryptocurrency.