Hong Kong's crypto financial products are becoming more and more abundant, and the development speed is really fast!

Huaxia and Harvest are promoting the construction of mortgage financial products based on crypto spot ETFs

Executives of Hong Kong virtual asset ETF issuers Harvest International and Huaxia Fund Hong Kong confirmed at the recent Bitcoin Asia conference that they are working hard to promote the construction of mortgage financial products based on cryptocurrency spot ETFs.

David Bailey, co-founder and CEO of BTC Inc., said: "ETFs are, to some extent, an acknowledgement that Bitcoin will continue to exist. Hong Kong cannot just accidentally launch an ETF... This is not random. The Hong Kong government is very supportive of hosting a Bitcoin conference and believes that Bitcoin is a huge opportunity for Hong Kong."

It is reported that BTC Inc. is responsible for hosting the Bitcoin Conference and is the parent company of the crypto media Bitcoin Magazine. (South China Morning Post)

Earlier, Harvest Global CEO Han Tongli revealed that the company is preparing to issue a mortgage financial product based on a cryptocurrency spot ETF. The current goal is to strive to make the trading volume of its cryptocurrency spot ETF reach the first place in Hong Kong by the end of this year. According to data, the first-day trading volume of Harvest Global's cryptocurrency spot ETF ranked second among the three fund companies, and China Asset Management Co., Ltd. (ChinaAMC) ranked first. Han Tongli said that due to the outside world's doubts about Hong Kong's virtual asset commitment, many investors are still standing on the sidelines, which has put pressure on the trading volume of cryptocurrency spot ETFs. However, Han Tongli added that he is confident that Hong Kong's cryptocurrency ETF can grow to twice the size of the US product, but he did not mention when this milestone will be achieved.