Harvest Asset Management and China Asset Management obtain virtual asset management qualifications in Hong Kong, BTC spot ETF will be available before the end of April

In the early morning of April 10, the Hong Kong Securities and Futures Commission updated the list of fund companies that manage virtual assets on its official website, adding Harvest Global Asset Management and China Asset Management (Hong Kong) Co., Ltd., that is, in addition to the original traditional asset management business of these public funds, virtual asset management business has been newly added. The official website of the Hong Kong Securities and Futures Commission shows that there are now 18 funds in Hong Kong that can carry out "cryptocurrency" asset management. However, Harvest Global and China Asset Management are among the first batch of public funds in Hong Kong to enter the "cryptocurrency" list. The Hong Kong Securities and Futures Commission originally planned to approve a total of 4 Bitcoin spot ETFs in the first batch, including China Asset Management, Bosera Funds and Value Partners Financial in addition to Harvest Global. However, Bosera Funds and Value Partners Financial have not yet appeared in the list of virtual asset management funds updated by the Hong Kong Securities and Futures Commission in the early morning of April 10. These two funds do not have independent ROs (ROs are licensed responsible persons in Hong Kong) that meet the requirements of cryptocurrency asset management, and they cooperate with cryptocurrency institutions Harshkey Capital and VSFG respectively. Data from the Hong Kong Securities and Futures Commission show that Harshkey Capital and VSFG are already qualified cryptocurrency asset management institutions. After the Hong Kong Securities and Futures Commission approved the first batch of Bitcoin spot ETFs on April 15, the Hong Kong Stock Exchange needed about 2 weeks to prepare for product listing, but the entire Bitcoin spot ETF project had detailed communication and planning with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days. Tencent Finance "First Line" learned that the Hong Kong Securities and Futures Commission originally planned to list the Bitcoin spot ETF in Hong Kong around April 25, no later than the end of April. (Tencent Finance "First Line")