It seems that domestic capital can no longer sit still. Seeing that the cumulative trading volume of the US Bitcoin spot ETF has exceeded 200 billion US dollars, they are panicking. Domestic fund companies are now living a miserable life. Investing in A-shares only means losing money, and no matter how advanced the technology is, it is useless. The crypto market, which was originally the main battlefield in China, has been pushed to the United States. How can they not regret giving away the overwhelming wealth to outsiders? !
I just saw the news that Harvest and Hua Xia have obtained virtual asset management qualifications in Hong Kong, and the BTC spot ETF will be listed before the end of April at the earliest. It seems that mainland funds are trying to break through, but unfortunately they can only follow the Americans. I hope they don’t become the Americans’ bag holders.
As of Tuesday, the cumulative trading volume of U.S. Bitcoin spot ETFs exceeded $200 billion.
Data shows that the cumulative trading volume of Bitcoin spot ETFs has almost doubled in the last month alone: from the first time the total trading volume exceeded the $100 billion mark on March 8 to $201.7 billion at the close of yesterday. (The Block)
In the early morning of April 10, the Hong Kong Securities and Futures Commission updated the list of fund companies engaged in virtual asset management on its official website, adding Harvest Global Asset Management Co., Ltd. and China Asset Management (Hong Kong) Co., Ltd., that is, adding virtual asset management business to the existing traditional asset management business of these public funds.
The official website of the Hong Kong Securities and Futures Commission shows that there are now 18 funds in Hong Kong that can manage "cryptocurrency" assets. However, Harvest Global and China Asset Management are among the first public funds in Hong Kong to enter the "cryptocurrency" list.
The Hong Kong Securities and Futures Commission originally planned to approve a total of 4 Bitcoin spot ETFs in the first batch, including China Asset Management, Bosera Funds and Value Partners Financial, in addition to Harvest International. However, Bosera Funds and Value Partners Financial have not yet appeared in the list of virtual asset management funds updated by the Hong Kong Securities and Futures Commission in the early morning of April 10. These two funds do not have independent ROs (ROs are licensed responsible persons in Hong Kong) that meet the requirements of cryptocurrency asset management. They cooperate with cryptocurrency institutions Harshkey Capital and VSFG respectively. Data from the Hong Kong Securities and Futures Commission show that Harshkey Capital and VSFG are already qualified cryptocurrency asset management institutions.
After the Hong Kong Securities and Futures Commission approved the first batch of Bitcoin spot ETFs on April 15, the Hong Kong Stock Exchange needed about 2 weeks to prepare for product listing, but the entire Bitcoin spot ETF project had detailed communication and planning with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days. Tencent Finance "First Line" learned that the Hong Kong Securities and Futures Commission originally planned to list Bitcoin spot in Hong Kong around April 25, no later than the end of April #比特币减半 #非农数据 #APT #BTC大盘趋势分析：
