Harvest Fund Kong has already filed an application with the Securities and Exchange Commission of Hong Kong (SFC). If approved, the company plans to begin trading on February 10 this year.
In January, it became known that about ten companies in Hong Kong are preparing to launch spot cryptocurrency ETFs. According to Livio Weng, chief operating officer of China's first licensed exchange, seven or eight spot products are already in full production.
The SFC and the Hong Kong Monetary Authority have stated that they are ready to accept and consider applications to launch spot cryptocurrency exchange-traded funds. Regulators even introduced a number of rules for funds with direct investments in cryptocurrencies. These, for example, should be tokens that are already available on Hong Kong-regulated trading platforms.