Huobi Tech, a public fund manager in Hong Kong, has revealed plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. According to the submitted proposal, the new ETF product will be focused on retail investors with assets less than HK$8 million (US$1 million). Before its current proposal for retail Crypto ETF, the company has also launched a Crypto over the counter (OTC) desk in March’s first week.