Hong Kong Stock Market News | OSL Group surged more than 9% at the close, reports indicate that several top public funds are positioning themselves in the Hong Kong Bitcoin business
OSL Group surged more than 9% in the final trading session, with a 9.42% increase as of the time of writing, reaching HKD 8.44 with a trading volume of HKD 14.8322 million. According to Securities Times, several large public fund companies are applying for Bitcoin licenses through their Hong Kong subsidiaries. For instance, CSOP Fund has applied to the Hong Kong Securities and Futures Commission for a Bitcoin spot ETF, while Huaxia Fund's Hong Kong subsidiary has partnered with a Hong Kong Bitcoin ETF custodian. Industry insiders expect that the applications for related Bitcoin ETFs could be approved as early as the second quarter of this year. The company is a digital asset and financial technology company, and its OSL digital asset platform is the first and currently the only digital asset platform in Hong Kong licensed by the Securities and Futures Commission with insurance coverage, providing services such as bulk brokerage, trading, custody, and settlement for institutions and professional investors
According to the Vantage Financial News APP, OSL Group (00863) surged more than 9% at the close, rising 9.42% to HKD 8.44 by the time of publication, with a turnover of HKD 148.322 million.
On the news front, as reported by Securities Times, several large public fund companies are applying for Bitcoin licenses through their Hong Kong subsidiaries. Jia Shi Fund has applied to the Hong Kong Securities and Futures Commission for a Bitcoin spot ETF product, while Huaxia Fund's Hong Kong subsidiary has partnered with a Hong Kong Bitcoin ETF custodian. Industry insiders expect that the relevant Bitcoin ETF applications could land as early as the second quarter of this year.
The company is a digital asset and financial technology company, and its OSL digital asset platform is the first and currently the only digital asset platform in Hong Kong licensed by the Securities and Futures Commission with insurance coverage, providing institutional and professional investors with services such as bulk brokerage, trading, custody, and settlement of digital assets