Hong Kong firm Yibo Financial plans to launch spot Bitcoin ETF in first quarter
On January 19th, Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services company, announced its plan to submit an application to the Hong Kong Securities and Futures Commission to launch a Bitcoin ETF in this quarter. Brian Chan, the company's head of investment and product group, stated, "This is a market with enormous potential, and our goal is to manage assets of $500 million by the end of this year." In late December of last year, the Hong Kong Securities and Futures Commission announced that it was ready to accept applications for virtual asset ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NFTScan Joins Conduit Marketplace to Expand NFT Data Access Across 20+ Blockchains
Shibarium Daily Transactions Drop 99%: Details
US Officials Allegedly Don’t Know How Much Bitcoin They Hold – Here’s More Allegations of Mismanagement
It is alleged that US authorities do not know the amount of cryptocurrencies they have seized so far and obtained through forks.
Bittensor (TAO) Poised for 125% Surge, Says Popular Analyst

Trending news
MoreCrypto prices
More








