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Huobi Technology: Asset Management Subsidiary Approved to Issue Bitcoin Tracking Fund
Summary: Huobi Asset Management will issue three virtual currency funds, namely the Bitcoin tracking fund, the Ethereum tracking fund and the multi-strategy virtual currency fund, according to the China Securities News. This means that Huobi Asset Management has become the second approved virtual asset management company since the Hong Kong Securities and Futures Commission in October ...
Huobi Asset Management will issue three virtual currency funds, namely the Bitcoin tracking fund, the Ethereum tracking fund and the multi-strategy virtual currency fund, according to the China Securities News.
This means that Huobi Asset Management has become the second approved virtual asset management company since the Hong Kong Securities and Futures Commission in October 2019 implemented the regulations to be followed by virtual currency fund managers. It is also the first to be approved to issue a virtual fund with active investment strategy.
Huobi spokesman said that in the United States, institutions represented by Tesla are gradually introducing Bitcoin into mainstream asset allocation. It is expected that Asia will have the same development trend in the future.
By Amy Liu
Tags: Asset Management,Bitcoin Fund,Huobi Technology
Link: Huobi Technology: Asset Management Subsidiary Approved to Issue Bitcoin Tracking Fund [Copy]
