{"id":423183,"date":"2022-03-29T12:13:15","date_gmt":"2022-03-29T09:13:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/huobi-tech-to-launch-crypto-tracking-etf-in-hong-kong-for-retail-traders\/"},"modified":"2022-03-29T12:13:15","modified_gmt":"2022-03-29T09:13:15","slug":"huobi-tech-to-launch-crypto-tracking-etf-in-hong-kong-for-retail-traders","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/huobi-tech-to-launch-crypto-tracking-etf-in-hong-kong-for-retail-traders\/","title":{"rendered":"# Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3befd5e8369\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3befd5e8369\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/huobi-tech-to-launch-crypto-tracking-etf-in-hong-kong-for-retail-traders\/#%E2%80%9D_Huobi_Tech_to_launch_crypto_tracking_ETF_in_Hong_Kong_for_retail_traders_%E2%80%9C\" >&#8221; Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Huobi_Tech_to_launch_crypto_tracking_ETF_in_Hong_Kong_for_retail_traders_%E2%80%9C\"><\/span>&#8221; Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGIxYTc5ZDAtNWYyNy00MTY5LTk1MDYtNzYwYzI1OTNkOWY1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors.<\/p>\n<p>The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused on retail investors with assets less than HK$8 million (US$1 million), <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3172224\/huobi-tech-seeks-launch-hong-kong-etf-track\">reported <\/a>South China Morning Post.<\/p>\n<p>The vice president of the firm Romeo Wang said stressed that a Hong Kong-regulated crypto ETF would offer better security to investors and also noted that they are actively engaged with the SFC and hopes to maintain positive communication to offer regulated crypto ETF products in the market.<\/p>\n<p>Huobi Tech didn\u2019t respond to Cointelegraph\u2019s requests for comments at the time of publishing.<\/p>\n<p>Huobi is banking on the recent relaxation on crypto ETF products for retail investors, which were earlier limited to only professional investors. In January, the chief regulatory bodies in Hong Kong released a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/EN\/circular\/suitability\/doc?refNo=22EC10&amp;module=inline&amp;pgtype=article\">joint circular<\/a> offering limited exceptions for retail traders to take part in the crypto ETF market that trades on regulated exchanges in the United States and the United Kingdom.<\/p>\n<p>The circular classified virtual asset-based products into two categories namely complex and non-complex, where only the non-complex type would be allowed for retail traders.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Activists archive Hong Kong pro-democracy <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>paper on blockchain<\/em><\/strong><\/p>\n<p>Hong Kong has imposed strict measures to limit crypto trading for professionals, with few exceptions. Traders with assets of over $1 million are considered professional and allowed to trade in virtual assets through regulated offerings.<\/p>\n<p>Formally known as Pantronics Holdings, Huobi Tech has shifted its focus from electronic products to the digital asset market. Although it shares a common name with the popular cryptocurrency exchange group Huobi Global, the publicly listed company in Hong Kong works as an independent entity.<\/p>\n<p>Huobi <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> works as a fund manager with an interest in the virtual asset market. Prior to its current proposal for retail crypto ETF, the company has launched a crypto over the counter (OTC) desk in March\u2019s first week.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/huobi-tech-to-launch-crypto-tracking-etf-in-hong-kong-for-retail-traders\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders &#8220; Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":423184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGIxYTc5ZDAtNWYyNy00MTY5LTk1MDYtNzYwYzI1OTNkOWY1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,75849,75591,117,43256,70934],"class_list":["post-423183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-etf","tag-huobi","tag-business","tag-hong-kong","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=423183"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/423184"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=423183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=423183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=423183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}