VSFG Targets To Apply For Spot Ethereum ETF In Q2
Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services firm, is in the final phase of submitting its application for a spot Ethereum ETF to the Hong Kong Securities and Futures Commission.
The firm plans to submit a spot Ethereum ETF in the second quarter if regulators approve and list the spot bitcoin ETF in the first quarter.
The company aims to spur a competition among asset managers in Hong Kong to lower fees by exploring the launch of potential spot crypto ETFs in the city, mirroring what has been observed in the U.S.
The firm is in the final phase of officially submitting its application to the Hong Kong Securities and Futures Commission.
(With inputs from Shikha Singh)
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