Months after the US Securities and Exchange Commission approved its first-ever spot Bitcoin ETF, Hong Kong’s Securities and Futures Commission (SFC) is reportedly on the verge of agreeing on a similar product in Hong Kong. 
It is reported that four mainland Chinese and Hong Kong Asset Managers have submitted their applications to this effect. 
An asset manager in China, Harvest Fund Management, is reportedly in line to receive approval from Hong Kong’s Securities and Futures Commission (SFC) to launch a spot Bitcoin (BTC) Exchange-Traded Fund (ETF) as early as this month. Bloomberg first reported this, citing two anonymous individuals believed to be close to the matter.
According to the report, four mainland Chinese and Hong Kong Asset Managers have so far submitted applications. Among them include the Hong Kong units of China Asset Management, and Bosera Asset Management. Many other asset managers including Hong Kong-based Value Partners have also disclosed their intention to e

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