China's Harvest May Get Hong Kong Approval for Spot-Bitcoin ETF Later in April [BNN Bloomberg (Canada)]
CITIC SECURITIES UNSP/ADR (CIIHY)
NASDAQ:AMEX Investor Relations:
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Source: BNN Bloomberg
The pending green light is the second part of a two-step process for Harvest Global Investments Ltd. to list an ETF in the city that directly invests in Bitcoin, the people said, asking not to be identified as the plan is not public. On Tuesday, the Securities & Futures Commission permitted Harvest Global Investments to provide virtual-asset related fund management services. The SFC's website shows the Hong Kong unit of China Asset Management also received such an approval on the same day. Harvest Global Investments and China Asset Management declined to comment on whether the permissions were the first step to starting spot-Bitcoin ETFs. The SFC didn't immediately respond to a request for comment. Hong Kong is vying with the likes of Singapore and Dubai to create a digital-asset center, part of efforts to restore its reputation as a modern financial hub following a crackdown on dissent that curbed its allure for foreign workers. Spot-crypto ETFs, meanwhile, are in the spotli
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