Wintermute, a crypto market maker, has announced that it will provide liquidity for the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs). The London-based company will be supporting OSL Digital Securities and HashKey HK Exchange, which are acting as sub-custodians and virtual asset trading platforms for the ETFs. Wintermute’s CEO, Evgeny Gaevoy, highlighted the importance of ETFs in attracting institutional and retail investors to the crypto space and emphasized Wintermute’s role in providing liquidity for their success. As a liquidity provider, Wintermute will work with OSL Digital Securities and HashKey in buying, selling, and delivering spot Bitcoin and Ethereum. The launch of these ETFs marks the introduction of the first spot virtual asset ETFs in Asia and has garnered significant attention, with $230 million in assets under management in the inaugural week. Wintermute praised Hong Kong for its support of cryptocurrencies and expressed hope that other countries will follow suit.
