In order to strengthen its presence in the Asian region, crypto trading firm and market maker Wintermute will become a liquidity provider for the recently listed Bitcoin and Ethereum spot ETFs in Hong Kong.
Wintermute has partnered with OSL Digital Securities and HashKey HK Exchange, both sub-custodians of the virtual asset trading platform that facilitates the operation of the ETFs.
Wintermute will assist OSL and HashKey in the purchase, sale and delivery of the ETF's underlying assets (i.e. Bitcoin and Ethereum) to ensure that the ETF creation and redemption process is seamless. Wintermute said that this partnership is part of its broader expansion into the Asian market. (CoinDesk)