Asia's first virtual asset spot exchange-traded fund (ETF) has listed in Hong Kong. The family office from Singapore, which has assets under management of $100 million, said it plans to participate in the transaction in physical bitcoin.
Wang Junjie, a partner of Yicai Investment Fund, is responsible for managing a family office established by a mainland family in Singapore and a branch in Hong Kong. Wang Junjie revealed in an interview in Hong Kong that about half of the assets of the clients concerned are currently invested in virtual assets, and the rest are invested in Hong Kong stocks and US stocks. However, since mainland clients cannot directly invest in virtual assets, they can only apply for purchases through institutional status.
He said that he already holds a lot of bitcoin and participates in virtual asset ETF products in the United States. Hong Kong allows physical bitcoin redemption and ether ETF trading, attracting the office to invest in Hong Kong.
Wang Junjie pointed out that since the Hong Kong government issued the virtual asset policy declaration, he believes that the development of the Asia-Pacific region is more promising, and the trading platform is regulated by the Securities Supervision Commission, which will be more secure.
The first batch of virtual asset spot ETFs are listed, and family offices plan to participate in physical bitcoin
2024-04-30 05:57:22
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