Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Hong Kong Financial Firm VSFG Targets to Launch Spot Bitcoin ETF in Q1: Bloomberg
ADOPTION NEWS

Hong Kong Financial Firm VSFG Targets to Launch Spot Bitcoin ETF in Q1: Bloomberg

By Crypto FlexsJanuary 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Hong Kong Financial Firm VSFG Targets to Launch Spot Bitcoin ETF in Q1: Bloomberg
Share
Facebook Twitter LinkedIn Pinterest Email
Funding • January 19, 2024 3:38 AM EST

Posted 1 minute ago In ~

Venture Smart Financial Holdings Limited, a Hong Kong-based financial services company, plans to launch a spot Bitcoin exchange-traded fund within the first quarter and aims to have $500 million in assets under management by the end of the year. bloomberg.

The company It is claimed that Hong Kong’s first authorized virtual asset manager has yet to apply for an ETF with Hong Kong’s financial regulator, the Securities and Futures Commission.

SFC in December presentation The city is prepared to accept applications for a spot cryptocurrency ETF, along with two circulars addressing the requirements for launching such a product. The region launched a cryptocurrency licensing regime for cryptocurrency trading platforms in June 2023 in a bid to regain its position as Asia’s cryptocurrency hub. Three Cryptocurrency Futures ETFs Already Listed in Hong Kong — Samsung Bitcoin BTC

-2.42%
futures, CSOP Bitcoin futures and CSOP Ether futures.

Earlier this month, Livio Weng, COO of Hong Kong cryptocurrency exchange HashKey, said: 10 fund companies The region is starting to explore options for launching a spot cryptocurrency ETF.

Following approval by the U.S. Securities and Exchange Commission (SEC) on January 10, the U.S. Spot Bitcoin ​​ETF looked like this: Cumulative trading volume over $13 billion until now. However, as the excitement surrounding the approval cooled, the price of Bitcoin fell, trading at around $41,250 at the time of the announcement.

VSFG did not immediately respond to The Block’s request for further comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025
Most Popular

By 2026, $ 1m Bitcoin can cause disasters!

August 17, 2025

Ethereum Foundation internal updates | Ethereum Foundation Blog

April 18, 2024

If the Bitcoin price rises above $100,000, SOL, SUI, ICP, and ENA may go higher.

January 5, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.