Asset management firms Value Partners Hong Kong and Venture Smart Financial Holdings (VSFG) have signed a memorandum of understanding (MoU) with the goal of supporting and developing the virtual assets ecosystem in Hong Kong.
The companies aim to connect virtual assets with traditional investment vehicles for both retail and institutional investors, with initial plans to launch a spot bitcoin ETF in the jurisdiction.
This will be designed to track the spot prices of Bitcoin, improving flexibility, transparency and liquidity around the asset.
The announcement follows continued growth and evolution in Hong Kong’s virtual asset space.
June Wong, CEO of Value Partners, says: “The plan to launch a spot bitcoin ETF marks our first collaborative initiative, offering Hong Kong investors exposure to the world’s largest digital asset, all while enjoying the convenience and efficiency of the ETF vehicle.
“Leveraging Value Partners’ extensive knowledge and track record in managing ETFs as well as VSFG’s experience, we are well-equipped to offer our clients with more investment options, particularly in virtual assets, helping them capture market opportunities and navigate this dynamic and evolving space.”
Lawrence Chu, chairman at VSFG, comments: “We have been planning and engaging in discussions with market practitioners on the positive momentum for the virtual asset realm and hope to provide more investment options for investors through spot virtual asset ETFs.
“We aim to support Hong Kong to become an international virtual assets centre.”
