香港推出比特幣ETF，預示數位資產格局的革命

香港準備成立首個比特幣交易所交易基金（ETF），本地資產管理公司惠理與虛擬資產管理公司 VSFG 合作，並向證券及期貨事務監察委員會（證監會）提交申請。繼監管機構於 2023 年 12 月表示願意考慮此類應用之後，香港對比特幣 ETF 的興趣日益濃厚，這與香港成為加密貨幣創新中心的雄心相一致。

Hong Kong Embraces Bitcoin ETFs, Signaling a Pivotal Shift in Financial Landscape

香港擁抱比特幣ETF，標誌著金融格局的關鍵轉變

Hong Kong, a prominent global financial center, is poised to witness the launch of its first Bitcoin exchange-traded fund (ETF), signaling a significant shift in its approach to digital asset regulation. This move follows a surge of interest from major asset managers and institutional investors seeking exposure to the rapidly growing cryptocurrency market.

作為全球著名的金融中心，香港即將推出首個比特幣交易所交易基金（ETF），這標誌著其數位資產監管方式的重大轉變。此舉是在主要資產管理公司和機構投資者尋求進入快速成長的加密貨幣市場的興趣激增之後做出的。

Collaboration for Crypto Innovation

加密貨幣創新合作

Leading the charge are Value Partners, a seasoned asset manager with a substantial presence in Hong Kong, and VSFG, a virtual asset manager specializing in regulatory compliance and crypto expertise. The strategic alliance between these two entities has resulted in a joint application to the Securities and Futures Commission (SFC), Hong Kong's financial regulatory body, for the launch of a spot Bitcoin ETF.

領先者包括在香港擁有大量業務的經驗豐富的資產管理公司 Value Partners 和專門從事監管合規和加密貨幣專業知識的虛擬資產管理公司 VSFG。這兩個實體之間的策略聯盟已向香港金融監管機構證券及期貨事務監察委員會（證監會）聯合申請推出現貨比特幣 ETF。

Regulatory Tailwinds

監理順風

In December 2023, the SFC expressed its willingness to consider Bitcoin ETF applications, a move that sent ripples through the industry. This decision came shortly after the United States approved several spot Bitcoin ETFs, setting a precedent for the legitimacy of digital assets as regulated investment vehicles.

2023年12月，證監會表示願意考慮比特幣ETF申請，此舉在業界引起軒然大波。這項決定是在美國批准了幾隻現貨比特幣 ETF 後不久做出的，為數位資產作為受監管投資工具的合法性開創了先例。

Hong Kong's Crypto Ambitions

香港的加密貨幣野心

Hong Kong, long known for its robust financial infrastructure, is eager to establish itself as a hub for crypto innovation. The city aims to attract institutional investors and traditional finance players into the digital asset market, signaling a maturing and regulated ecosystem.

香港長期以來以其強大的金融基礎設施而聞名，渴望將自己打造成加密貨幣創新中心。該市旨在吸引機構投資者和傳統金融參與者進入數位資產市場，標誌著一個成熟且受監管的生態系統。

Heated Competition

激烈的競爭

Value Partners and VSFG are not alone in their pursuit of the first spot Bitcoin ETF in Hong Kong. Harvest Global Investments, a prominent Chinese asset manager, has already filed an application, while industry sources indicate that around 10 other financial firms are preparing to enter the race. This intense competition underscores the high level of interest in bringing Bitcoin ETFs to the Hong Kong market.

惠理和 VSFG 並不是唯一一家追求香港首隻現貨比特幣 ETF 的公司。中國著名的資產管理公司嘉實環球投資公司(Harvest Global Investments)已經提交了申請，而業內消息人士稱，還有大約10家其他金融公司正準備參加角逐。這種激烈的競爭凸顯了人們對將比特幣 ETF 引入香港市場的濃厚興趣。

Relaxed Regulations

放寬規定

The SFC's plans to allow "in-kind creations and redemptions" for spot Bitcoin ETFs in Q2 2024 have further fueled the excitement surrounding these products. This regulatory change will simplify the process of launching and managing Bitcoin ETFs, making them more accessible to a broader range of investors.

證監會計劃在 2024 年第二季度允許現貨比特幣 ETF 的“實物創建和贖回”，這進一步加劇了人們對這些產品的興奮。這項監管變化將簡化比特幣 ETF 的發行和管理流程，使更廣泛的投資者更容易獲得它們。

Advantageous Alliance

優勢聯盟

The partnership between Value Partners and VSFG offers a unique blend of expertise that could give them an edge in the competitive race. Value Partners brings decades of experience in asset management and a deep understanding of the Hong Kong market, while VSFG provides regulatory approval and specialized crypto knowledge.

惠理和 VSFG 之間的合作夥伴關係提供了獨特的專業知識組合，可以使他們在競爭中獲得優勢。 Value Partners 帶來了數十年的資產管理經驗和對香港市場的深刻了解，而 VSFG 則提供監管批准和專業的加密貨幣知識。

Regional Crypto Hub

區域加密貨幣中心

Hong Kong's embrace of spot Bitcoin ETFs is a testament to its ambition to become Asia's leading crypto hub. With established financial institutions joining the fray, competition will undoubtedly intensify, but this will also create fresh investment opportunities and further validate the legitimacy of cryptocurrencies in the region.

香港對現貨比特幣 ETF 的歡迎證明了其成為亞洲領先的加密貨幣中心的雄心。隨著老牌金融機構加入競爭，競爭無疑會加劇，但這也將創造新的投資機會，並進一步驗證該地區加密貨幣的合法性。

Conclusion

結論

The launch of Bitcoin ETFs in Hong Kong marks a watershed moment for the city's financial landscape and its aspirations to become a global crypto player. The collaboration between traditional finance and specialized crypto expertise, coupled with a supportive regulatory environment, sets the stage for a dynamic and innovative digital asset market in the years to come.

比特幣 ETF 在香港的推出標誌著香港金融格局及其成為全球加密貨幣參與者的願望的分水嶺。傳統金融和專業加密貨幣專業知識之間的合作，加上支持性的監管環境，為未來幾年充滿活力和創新的數位資產市場奠定了基礎。