Hong Kong Securities Supervision Commission Approves Wanfang Family Office to Launch Digital Asset Fund to Invest in Bitcoin ETF

Wanfang Family Office announced that Raffles Assets Management (HK), a subsidiary of the group, has officially launched its first digital asset fund after obtaining approval from the Hong Kong Securities Supervision Commission to change its business plan and allow the management of a portfolio invested in virtual assets. It is reported that the open-ended fund is denominated in US dollars and is only available to professional investors. At this stage, it only focuses on single assets, such as bitcoin ETFs.