- Hong Kong-based asset managers are applying for spot Bitcoin exchange-traded funds (ETFs).

- Major firms like VSFG and Value Partners have officially submitted their applications to the Securities and Futures -Commission of Hong Kong (SFC).

- The move follows the United States’ approval of spot Bitcoin ETFs, signaling a global trend.

- Regulatory flexibility in Hong Kong could attract both local and international investors.

- The focus on regulation highlights the importance of managing risks associated with cryptocurrencies. $BTC #ETFs✅ #BTC🔥🔥🔥🔥

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