Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ethereum Spot ETFs

In an effort to strengthen its presence in the Asian region, cryptocurrency trading firm Wintermute announced on Wednesday that it will become a liquidity provider for the recently launched Hong Kong-listed Bitcoin and Ethereum spot ETFs.

The company has partnered with OSL Digital Securities and HashKey HK Exchange, both sub-custodians of the virtual asset trading platform that facilitates the ETFs. The market maker will assist OSL and HashKey in completing the buying, selling and delivery of the ETFs’ underlying assets, namely Bitcoin and Ethereum, to ensure that the ETF creation and redemption process is seamless. The company said the partnership is part of its broader expansion into the Asian market.

The three Hong Kong Bitcoin ETFs, which were listed on April 29, have so far performed relatively slowly compared to their U.S. counterparts. As of Monday’s close, they have accumulated just under 4,400 bitcoins, or about $276 million in AUM. #Wintermute $BTC #ETH（以太坊） #etf上线 #hashkey