**Summary**

An application for the creation of a spot Bitcoin ETF in Hong Kong has been submitted to the Securities and Futures Commission, following the approval of similar ETFs in the US and the release of guidelines by Hong Kong’s SFC in December 2023. The application was filed by Harvest Fund Management, and the SFC is reported to be expediting the approval process.

**Bitcoin ETF Application In Hong Kong Filed By Banking Giant**

A prominent financial institution in Hong Kong, Harvest Fund Management, has reportedly submitted an application for a spot Bitcoin ETF to the Securities and Futures Commission (SFC). This move follows the recent approval of spot Bitcoin ETFs in the US and the publication of guidelines by Hong Kong’s SFC in December 2023. The development indicates a growing interest in launching a spot Bitcoin ETF in Hong Kong.

**Chinese Financial Giant Takes The Lead**

Venture Smart Financial Holdings Ltd. (VSFG) and Samsung Asset Management have both expressed their intent to explore the possibility of launching a spot Bitcoin ETF in the future. According to a report from Tencent News, Harvest Fund Management submitted the first-ever spot Bitcoin ETF application in Hong Kong to the SFC on January 26.

**How Will Hong Kong’s Spot ETFs Compare To The US?**

The performance of Hong Kong’s spot ETFs is a topic of speculation. Investment professionals and family office investor managers have expressed varying opinions on the potential performance and subscription interest in Hong Kong compared to the US spot ETF market.

**FAQ**

**Q: What is a spot Bitcoin ETF?**
A: A spot Bitcoin ETF (Exchange-Traded Fund) allows investors to buy and sell Bitcoin on a stock exchange.

**Q: What is the significance of the application for a spot Bitcoin ETF in Hong Kong?**
A: The application reflects the increasing interest and potential for the launch of a spot Bitcoin ETF in the region, following the footsteps of the US and in compliance with the guidelines set by Hong Kong’s SFC.

**Q: Does the approval of spot Bitcoin ETFs in the US influence the application in Hong Kong?**
A: Yes, the recent approval of spot Bitcoin ETFs in the US has likely contributed to the growing speculation and interest in launching similar ETFs in Hong Kong.

**Q: What are the potential differences between the US and Hong Kong’s spot ETF markets?**
A: The performance and subscription interest in Hong Kong’s spot ETFs compared to the US market are points of interest and speculation. These factors may influence investor participation and the overall market dynamics.

**Q: What is the current trading price of Bitcoin?**
A: Bitcoin is currently trading at $43,006.2 as per the hourly chart data.

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