China Southern Fund, boasting $284 billion in assets, is pioneering a watershed moment in the Chinese financial realm by seeking approval for a spot Bitcoin ETF in Hong Kong. This move aligns with a broader trend among Chinese financial entities, including Harvest Fund, to delve into Bitcoin ETFs via their Hong Kong subsidiaries, despite China's cryptocurrency ban. Anticipated to debut as early as May, these ETFs position Hong Kong as a conduit for Chinese capital to enter the Bitcoin market. The initiative underscores a burgeoning intrigue in Bitcoin as an investment vehicle, with Chinese equity firms leveraging their Hong Kong branches for innovative ventures.