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Huobi exchange's sister firm to launch pure BTC, ETH funds in Hong Kong

From theblockcrypto.com

Huobi Technology Holdings, a Hong Kong-listed firm owned by Huobi exchange's CEO and chairman Li Lin, is set to launch three funds that are 100% invested in digital assets. Huobi Tech said in an announcement shared with The Block on Thursday that its fully-owned subsidiary Huobi Asset Management has obtained additional regulatory clearing from the Hong Kong Securities and Futures Commission (SFC) to operate 100% digital asset funds. With the regulatory approval, Huobi Asset Management plans to launch a BTC tracker fund, an ETH tracker fund and a multi-strategy digital asset fund that are all 100% invested in ... (full story)

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  • Category: Fundamental Analysis