Hong Kong HashKey: Cooperating with fund companies to provide Bitcoin spot ETF infrastructure is in place

This site (120btC.coM): HashKey, a licensed cryptocurrency exchange in Hong Kong, revealed that the support provided for potential Bitcoin spot ETFs is basically complete, including product functions, basics Facility services, etc. Earlier, mainland media quoted people familiar with the matter as saying that the Hong Kong Securities Regulatory Commission will approve a Bitcoin spot ETF next week.

Livio Weng, CEO of HashKey Exchange, told the foreign media "The Block" that the fund issuer working with HashKey has completed the development of a Bitcoin spot ETF. HashKey will provide infrastructure support for the ETF, and both parties have now entered the "integration and functional testing" stage.

Weng Xiaoqi pointed out that as a fund provider applying for ETFs in Hong Kong, HashKey provides underlying infrastructure support, covering transactions, custody, SSA, etc., but he did not disclose which fund company HashKey cooperates with.

Weng Xiaoqi added that HashKey’s own custody business has been operating stably for more than a year, with the amount of assets under custody exceeding HK$2.2 billion (US$280.7 million).

According to an earlier report by Tencent Finance's "First Line", the Hong Kong Securities Regulatory Commission plans to announce the list of Bitcoin spot ETFs on April 15. The first batch of approved ETFs is expected to be 4, each funded by "Harvest International" , "China Asset Management", "Boshi Fund" and "Value Partners" are issued.

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