Insider: Huili also applied to issue a crypto spot ETF, but withdrew from the application due to incomplete preparation

According to BlockBeats, on April 27, Blue Whale Finance reported that in addition to Bosera, Huaxia, and Harvest, Hong Kong local institution Value Partners also applied to issue a virtual currency spot ETF, but it did not appear in the approved list in the end. People familiar with the matter said that Value Partners withdrew after applying because of poor preparation, tight time, and insufficient manpower. Moreover, compared with the other three companies, Value Partners mainly does active business in Hong Kong, and its ETF business is relatively weak, so it plans to wait and see.