Chinese Asset Management Firms’ Hong Kong Subsidiaries Submit Applications for Spot Bitcoin ETFs, Reports TradingView News.

Two asset management companies with roots in China, Harvest Fund and Southern Fund, have both headquartered in Hong Kong with over $200 billion in managed assets, have recently submitted filings to introduce Bitcoin spot exchange-traded funds within the region. These applications were lodged on Monday, according to Bitcoin Magazine via the government-run Securities Times. The strict regulations in mainland China concerning cryptocurrency trading and mining inhibit these asset managers from launching ETFs within the country’s borders.

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