Chinese asset management company applies for Bitcoin Spot ETF in Hong Kong, also interested in stable coins: Report | CoinDesk JAPAN

Harvest Global Investments, a major Chinese asset management company, has applied for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission (SFC) in Hong Kong, and has announced that it will The company says it is in discussions with regulators regarding the box. This was reported separately by Tencent News and Bloomberg.

Harvest Global did not respond to a request for comment. SFC declined to comment.

Hong Kong regulators announced in December 2023 that they were prepared to consider applications for a crypto ETF, less than two weeks after a spot Bitcoin ETF was approved in the US.

Hong Kong company Venture Smart Financial Holdings also said it would apply for a spot Bitcoin ETF and hopes to start trading in the first quarter, Bloomberg reported in early January. Reported.

Venture Smart Financial is also one of the entities reportedly in talks with the Hong Kong Monetary Authority (HKMA) about a planned stablecoin sandbox, along with Harvest and RD Technologies. Bloomberg reports, citing a person familiar with the matter.

“Sandbox is aimed at issuers who are interested and have reasonable plans to issue fiat-referenced stablecoins (FRS) in Hong Kong,” an HKMA spokesperson said in an email. . “The HKMA is preparing for the launch of the sandbox and will announce related details in due course.”

The HKMA did not immediately respond to CoinDesk’s request for comment.

Hong Kong regulators have published proposals to supervise stablecoin issuers through a licensing system and are seeking feedback until the end of February.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Shutterstock
｜Original text: Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports