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Venture Smart Financial seeks to launch Hong Kong’s first spot Bitcoin ETF

The move comes as the SFC has opened the door for cryptocurrency ETFs, with three futures-based crypto ETFs already operating in Hong Kong, collectively managing $50 million in AUM. The announcement indicates a growing interest in cryptocurrency investment products in the region, with Samsung (KS:005930) Asset Management also exploring the possibility of offering a spot ETF.

As of now, there have been no further updates from the regulatory body since the release of the new guidelines.

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Source: Cryptocurrency - investing.com

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