Crypto Trading Firm Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ether ETFs

Crypto trading firm Wintermute has announced that it will provide liquidity for the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs). The London-based company aims to strengthen its market share in the Asian region and has partnered with OSL Digital Securities and HashKey HK Exchange, which are sub-custodians of virtual asset trading platforms. Wintermute will assist with the buying, selling, and delivery of the underlying assets of the ETFs, bitcoin (BTC) and ether (ETH), to facilitate a seamless creation and redemption process. The partnership is part of Wintermute’s broader expansion to the Asian market, as Hong Kong has established itself as a leading advocate for crypto in the APAC region. The three Hong Kong-listed bitcoin ETFs, launched on April 29, have garnered approximately $276 million in assets under management.