Venture Smart Financial Holdings (VSFG) Ltd. is set to launch a pioneering Bitcoin exchange-traded fund (ETF) in Hong Kong, aligning with the city’s ambition to become a digital-asset hub. Brian Chan, head of investment at VSFG, targets $500 million in assets under management by year’s end, highlighting the market’s potential. This initiative follows the global trend of spot crypto ETFs, with U.S. financial giants like BlackRock and Fidelity Investments recently introducing similar funds.
The Hong Kong-based ETF marks a significant step in the region, particularly as the city already hosts three futures-based crypto ETFs. Despite these, the combined assets remain modest, underlining the potential growth for VSFG’s Bitcoin ETF.
This move by VSFG, a leader in both traditional and digital wealth management, comes amid Hong Kong’s rigorous regulatory framework aimed at attracting digital asset companies and safeguarding investors. The launch of this ETF signifies a crucial development in Hong