London-based Wintermute is expanding its influence in Asia by providing liquidity services for Bitcoin and Ethereum ETFs in Hong Kong. This move aims to strengthen Wintermute's market share in the region.

CEO Evgeny Gaevoy highlighted the importance of crypto ETFs in facilitating access to digital assets through a regulated investment vehicle. Wintermute is partnering with platforms like OSL Digital Securities to ensure smooth ETF operations. Wintermute's expansion into Hong Kong's crypto market is a strategic move, given the region's growing demand for cryptocurrencies.

Despite a slow start for Bitcoin ETFs in Hong Kong compared to their US counterparts, Wintermute's presence is expected to enhance the company's effectiveness in the region and strengthen its global position. The move could set an example for other institutional investors and potentially lead to a significant breakthrough for ETFs in Hong Kong .