April 21, 2021

Huobi to Launch Three Cryptocurrency Funds in Hong Kong

Huobi Cryptocurrency Exchange to Launch Three Funds through Hong Kong-Registered Subdivision Huobi Technology Holdings for investment in digital assets, said journalist Colin Wu.

To launch Huobi Asset Management toolsreceived additional regulatory clearance from the Hong Kong Securities and Futures Commission. One of the funds will invest in bitcoin, another in ether, and the third in multi-asset strategies. Investments will be accepted in both fiat and cryptocurrencies.

The company did not specify how much financing can be attracted for the funds. Huobi said:

“The size of the funds is being discussed and will depend on the development of distribution channels. In the near future, we intend to become the leading virtual asset management company in Asia. "

Colin Wu writes:

“Similar to Grayscale, this move by Huobi could help spread cryptocurrencies to Asian investors. Huobi has a large ecosystem to help Asian investors. "