紧追其后：香港比特币ETF大爆发

Author's Source Hong Kong is ready. Recently, with the final approval of spot bitcoin listing by the US Securities and Exchange Commission, the noisy week has finally come to an end, and now investors have begun to turn their attention to another market with great potential. Previously, the Hong Kong Securities Regulatory Commission mentioned in a circular that it is ready to accept the application of virtual assets in spot, and Luo Boren, director of securities product development of the Hong Kong Stock Exchange, pointed out that the Hong Kong Stock Exchange is ready to seize the opportunities brought by the theme investment and will work closely with issuers and stakeholders. The Hong Kong market has successfully introduced such new products. He welcomed the announcement by the Hong Kong Securities Regulatory Commission that Hong Kong has become the first market in Asia to allow virtual assets to be listed on the spot, strengthened Hong Kong's position as a leading digital asset center in the region, and supported Hong Kong's sustainable development as the preferred market in Asia. According to a report by Bloomberg, the Hong Kong Financial Services Company said that it plans to apply to the Hong Kong Securities Regulatory Commission to start direct investment in Bitcoin, which is a market with great potential. The goal is to manage assets of US$ 100 million by the end of this year. The Hong Kong Securities Regulatory Commission said that it would not make any comments except the guidelines issued in June. If we take traditional history as a guide, the approval process of such products may take weeks to months. According to its website, providing traditional and digital wealth management services is one of the first virtual asset management companies approved by the Securities Regulatory Commission in Hong Kong. Bitcoin is a decentralized digital currency that has been concerned and pursued by global investors since its birth. However, the market volatility of Bitcoin is high, the regulatory environment is unclear, and the trading threshold is high. These factors have limited the popularization and development of Bitcoin. In order to solve these problems, a new financial product has emerged, that is, Bitcoin exchange trading fund is a fund listed on traditional stock exchanges, which allows investors to participate in Bitcoin investment more conveniently and safely at lower cost and risk. At present, Hong Kong has allowed cryptocurrencies based on futures to be listed. They are Southern Dongying Bitcoin Futures, Southern Dongying Ethereum Futures and Samsung Bitcoin Futures. Their total assets are relatively small, about 10,000 US dollars. Samsung Asset Management Company said that it will not rule out the possibility of exploring the launch of the spot. Bitcoin is mainly divided into two types: bitcoin futures and bitcoin spot. Bitcoin spot refers to funds that invest in bitcoin futures contracts, while bitcoin spot refers to funds that directly hold bitcoin. The development of bitcoin in the global scope is still in its infancy. A few countries and regions have approved the listing of Bitcoin, among which Hong Kong, as the financial center of Asia, has recently issued a series of regulatory policies on virtual assets, clearly indicating that it is ready to accept applications for the recognition of virtual assets. This move has aroused widespread concern in the market and is considered to be a major breakthrough in Bitcoin and an important symbol of the regularization, legalization and recognition of Bitcoin. The regulatory requirements and issuance conditions of Bitcoin spot in Hong Kong refer to the fund that directly holds Bitcoin. Spot investors can enjoy the ownership and use right of bitcoin, which can also reflect the market value of bitcoin more accurately. However, the spot bitcoin is also facing higher technical and regulatory challenges, such as how to safely store and transfer bitcoin, how to prevent money laundering and terrorist financing, and so on. The Hong Kong Securities Regulatory Commission issued a circular on the approval of the CSRC to invest in virtual assets, hereinafter referred to as the fund circular, which clearly indicates that it is ready to accept the application for approval of the spot virtual assets, which was issued the following year. Joint circular on activities related to virtual assets of intermediaries hereinafter referred to as the joint circular is another important regulatory policy of the Hong Kong Securities Regulatory Commission on virtual assets. The circular mainly stipulates the regulatory requirements and issuance conditions of the spot bitcoin in Hong Kong, mainly including the following aspects: the issuer qualification, the asset management company that issues virtual assets fund products needs to meet the following three conditions, and the company has a good regulatory compliance record, and at least one competent employee with experience in managing virtual assets and related products. The company needs to hold an upgraded number plate, that is, to comply with the standard terms and conditions applicable to licensed corporations that manage portfolios invested in virtual assets. The underlying assets require that the underlying assets of virtual assets must be virtual assets that are currently available for retail users to trade on licensed exchanges in Hong Kong. At present, this means that only Bitcoin and Ethereum meet the requirements for redemption and trading of virtual assets. Virtual assets can be redeemed in cash or in kind, but they must be licensed for trading in Hong Kong. Traders who participate in redemption by or other regulated financial institutions need to hold an upgraded number plate, that is, they must abide by the standard terms and conditions applicable to licensed corporations that manage portfolios invested in virtual assets. Trusteeship of virtual assets must be managed by a third-party independent custodian, which must be a Hong Kong licensed exchange or other regulated financial institution. The custody account must be separated from the asset management company's own account. Most assets are placed in cold wallets and a few are placed in hot wallets for redemption. Private keys must be kept safely in Hong Kong to effectively prevent external attacks and properly back up the opinions of insiders. According to Weng Xiaoqi, CEO of one of the licensed virtual assets trading platforms in Hong Kong, at this stage, about 10 fund companies are preparing to launch virtual assets in Hong Kong, and about 100 companies are in the actual promotion stage. It is reported that issuers may need to conduct underlying asset custody and provide transaction clearing services through licensed exchanges, and several issuers have chosen to provide infrastructure for them, and even jointly issue them. Li Zhikai, global chief commercial officer of applying for spot bitcoin license, said that the approval of bitcoin in the United States means that different kinds of traditional investment tools, such as pensions and pension funds, can now be directly invested in bitcoin, which means that investors from a wider background, including retail and institutions, can participate in the bitcoin market. In addition, bitcoin is settled in kind to invest in such capital, which will have a more direct impact on the spot price of bitcoin and will bring to the virtual asset market. Wang Yi, director of the quantitative investment department of Southern Dongying, one of the issuers of virtual asset futures in Hong Kong, also said that after the US approved the spot, traditional financial institutions could further increase the market demand for bitcoin by buying bitcoin in the spot. Due to the limited supply of bitcoin, the demand increased or pushed up the price of bitcoin. Chen Peiquan, executive director of Victory Securities, a licensed virtual asset broker in Hong Kong, pointed out that allowing the spot bitcoin to be listed by US regulators is regarded as the key to linking virtual currency with physical exchanges, which will inevitably lead more investors to participate. 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

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