Crypto Trading Firm Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ether ETFs
Wintermute is set to be a liquidity provider for the newly launched Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs). The London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, which are sub-custodians of virtual asset trading platforms facilitating the ETFs' operation. Wintermute will assist both OSL and HashKey with the buying, selling, and delivery of the ETFs' underlying assets, bitcoin (BTC) and ether (ETH), to ensure a smooth creation and redemption process. This partnership is part of Wintermute's broader expansion into the Asian market. The three Hong Kong-listed bitcoin ETFs, which launched on April 29, have accumulated nearly 4,400 bitcoins or about $276 million in assets under management.
