China’s Largest Equity Funds Pursue Spot Bitcoin ETFs via Hong Kong Subsidiaries: Report

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China’s Largest Equity Funds Pursue Spot Bitcoin ETFs via Hong Kong Subsidiaries: Report
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Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds through their Hong Kong subsidiaries.

Meanwhile, China Asset Management’s Hong Kong division, one of China’s largest asset management companies, has reportedly entered into a cooperation agreement with Hong Kong’s licensed crypto exchange HashKey. The partnership is aimed at collectively promoting and advancing initiatives related to Web 3.0 in the asset management industry in Hong Kong.

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