HKEX Welcomes Asia’s First Crypto Asset ETFs


Hong Kong Stock Exchanges and Clearing Limited (HKEX) is pleased to welcome Asia’s first crypto asset ETFs today (Friday), further expanding its product ecosystem by offering Hong Kong and international investors even more choice.

The two new ETFs listed today: CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF, both managed by CSOP Asset Management Limited, track standardized, cash-settled Bitcoin futures contracts and Ether futures contracts traded on the Chicago Mercantile Exchange ( CME) respectively.

HKEX COO and Co-Head of Markets Wilfred Yiu said: “The two crypto asset ETFs listed today are an exciting addition to our growing and diverse ETP ecosystem here in Hong Kong. They provide investors with exposure to the digital asset space for the first time in Asia and reflect both our continued commitment to and market appetite for the digital economy. We look forward to welcoming more thematic ETFs and digital asset products to our markets in the coming months.”

ETFs are one of the fastest growing segments in the HKEX markets, and the diversity of products available in Hong Kong continues to expand in 2022: highlights include listings for the first metaverse ETF, the first ever ETF futures carbon, the first blockchain ETF, and the listing of ETFs on Stock Connect.

In addition, average daily turnover for exchange-traded products (ETPs), including ETFs and leveraged and inverse products (L&I products), for the first 11 months increased 50% to HK$11.8 billion compared to with HK$7.8 billion during the same period. last year, reflecting strong growth in market interest in these products. As of November 2022, 168 ETPs were listed on HKEX, with a market capitalization of HK$373.5 billion.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly traded company and one of the world’s leading global exchange groups, offering a variety of markets, products and services across equity, derivatives, commodities, fixed income and other financial markets, including London Metals Exchange.

As a super-connector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, its increasingly diversified product ecosystem and its markets. deep, liquid and international.

Photo by Kotaro Maruyama in Unsplash

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