SOLOWIN HOLDINGS has been selected as one of the three participating dealers for Harvest Global’s spot Bitcoin and Ethereum ETF in Hong Kong. Harvest Global was one of the just three ETF providers to receive conditional approval from the Hong Kong Securities and Futures Commission (SFC) this week to launch spot Bitcoin and Ethereum ETFs. The conditional approval, coming just three months after the U.S. introduced similar ETFs which attracted around $12 billion in investments, marks a significant regulatory advancement for Hong Kong’s aspirations to be a global virtual asset hub. The virtual asset spot ETFs in Hong Kong will also introduce an in-kind subscription mechanism that allows investors to buy into the ETF using Bitcoin or Ethereum directly. This is expected to act as a transformative vehicle for channelling significant investment into the virtual asset space.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
This news is republished from another source. You can check the original article here