Insider: Hong Kong local institution Value Partners also applied to issue a virtual currency spot ETF, but then voluntarily withdrew

Blue Whale News learned from industry insiders that in addition to Boshi, Huaxia, and Jiashi, local Hong Kong institution Huili also applied to issue virtual currency spot ETFs, but did not appear on the approved list in the end. Insiders told Blue Whale News that Huili voluntarily withdrew after applying because the preparation work was not done well, time was tight, and manpower was insufficient. In addition, compared with the other three companies, Huili mainly does active business in Hong Kong and is relatively weak in ETF business, so it plans to wait and see first.