Venture Smart Financial Plans to Launch HK’s First Bitcoin ETF

Venture Smart Financial files for Hong Kong's first spot Bitcoin ETF, marking a significant step forward for the cryptocurrency market in the region. The move comes after new guidelines were issued by the SFC, allowing for the establishment of cryptocurrency ETFs. Venture Smart Financial aims to attract $500 million AUM by 2024, capitalizing on the growing demand for digital asset investment products. Samsung Asset Management is also reportedly exploring the possibility of offering a spot ETF. The lack of updates from the regulatory body regarding cryptocurrency ETF guidelines indicates ongoing evaluations and considerations.