Wintermute, a crypto market maker, has partnered with OSL Digital Securities and HashKey HK Exchange to provide liquidity for the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs). Wintermute, based in London, will act as the liquidity provider for the ETFs, working with OSL Digital Securities and HashKey on buying, selling, and delivering the underlying spot Bitcoin and Ethereum. The Hong Kong Stock Exchange introduced the first spot virtual asset (VA) ETFs in Asia in April, and the Bitcoin ETFs secured $230 million in assets under management in their inaugural week. Wintermute’s CEO, Evgeny Gaevoy, praised the role of ETFs in attracting institutional and retail investors to the crypto space and highlighted the importance of companies like Wintermute in providing liquidity for this market. Gaevoy also commended Hong Kong for its advocacy of cryptocurrencies and expressed hope that other countries would follow suit.
