Infobo Financial plans to submit an application to the Hong Kong Securities

977Iti

Infobo Financial plans to submit an application to the Hong Kong Securities and Futures Commission, seeking to launch a Bitcoin spot ETF in Q1 2024.

According to Bloomberg, Hong Kong financial services company Venture Smart Financial Holdings Ltd. (VSFG) has announced its plan to submit an application to the Hong Kong Securities and Futures Commission to launch a Bitcoin spot ETF in this quarter. Brian Chan, the Head of Investment and Product Group at the company, stated, "It's a market with tremendous potential, and our goal is to manage assets totaling $500 million by the end of this year."

In late December last year, the Hong Kong Securities and Futures Commission stated that it is ready to accept applications for virtual asset spot ETFs.

Shri

The launch of this is without any issues.

Iravan774

Bitcoin spot is also frequently monitored.

Indra55

At least Hong Kong is open in this field.

Iti9

There have been quite a few launches of Bitcoin spot.