SOLOWIN HOLDINGS has been selected as one of three participating brokers for Harvest Global’s Bitcoin and Ethereum spot ETF in Hong Kong. Harvest Global was one of only three ETF providers to receive conditional approval this week from Hong Kong’s Securities and Futures Commission (SFC) to launch Bitcoin and Ethereum spot ETFs. The conditional approval, which came just three months after the United States introduced similar ETFs that attracted around $12 billion in investment, marks a significant regulatory step forward for Hong Kong’s aspirations to become a global trading hub. virtual assets. Virtual Asset Spot ETFs in Hong Kong will also introduce an in-kind subscription mechanism that will allow investors to directly purchase ETFs using Bitcoin or Ethereum. This is expected to serve as a transformational vehicle to channel significant investments into the virtual asset space.
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