"China's Harvest Global Files First Spot Bitcoin ETF Application in Hong Kong"
Harvest Global Investments, a major asset-management company in China, has applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC) and is in discussions with regulators regarding the city's stablecoin sandbox. Venture Smart Financial Holdings, another Hong Kong firm, also plans to file a spot bitcoin ETF application, while several entities, including Harvest and RD Technologies, are in talks with the Hong Kong Monetary Authority (HKMA) about its planned stablecoin sandbox. Hong Kong's regulators have also published proposals for supervising stablecoin issuers through a licensing regime.