Two asset management companies with roots in China, Harvest Fund and Southern Fund, have both headquartered in Hong Kong with over $200 billion in managed assets, have recently submitted filings to introduce Bitcoin spot exchange-traded funds within the region. These applications were lodged on Monday, according to Bitcoin Magazine via the government-run Securities Times. The strict regulations in mainland China concerning cryptocurrency trading and mining inhibit these asset managers from launching ETFs within the country’s borders.
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- Source: https://cryptoinfonet.com/crypto-trading/chinese-asset-management-firms-hong-kong-subsidiaries-submit-applications-for-spot-bitcoin-etfs-reports-tradingview-news/
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