HKEX Welcomes Asia's First Crypto Asset ETFs
On December 15, 2022, HKEX launched Asia's first crypto asset ETFs, enhancing its product ecosystem for Hong Kong and global investors. The newly listed CSOP Bitcoin Futures ETF (Stock code: 3066) and CSOP Ether Futures ETF (Stock code: 3068) track Bitcoin and Ether futures traded on the CME. Average daily turnover for Hong Kong-listed ETPs rose by 50% year-on-year to HK$11.8 billion in 2022, reflecting growing market interest. With 168 ETPs listed as of November 2022, HKEX continues to expand its diverse product offerings in the fast-growing ETF segment.
- Launch of Asia's first crypto asset ETFs expands HKEX's product offerings.
- Average daily turnover of ETPs increased by 50% to HK$11.8 billion YTD 2022.
- None.
- HKEX is first exchange in Asia to offer crypto asset exposure through ETFs
- ADT of Hong Kong-listed ETPs reached HK
$11.8 billion YTD 2022, up50% year-on-year
HONG KONG, Dec. 15, 2022 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Friday) Asia's first crypto asset ETFs, further expanding its product ecosystem by offering Hong Kong and international investors even greater choice.
The two new ETFs listed today – CSOP Bitcoin Futures ETF (Stock code: 3066) and CSOP Ether Futures ETF (Stock code: 3068), both managed by CSOP Asset Management Limited, track the standardised, cash-settled Bitcoin futures contracts and Ether futures contracts traded on the Chicago Mercantile Exchange (CME) respectively.
HKEX Chief Operating Officer and Co-Head of Markets Wilfred Yiu said: "The two crypto asset ETFs listing today are an exciting addition to our increasingly large 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 ongoing commitment to, and the market's appetite for, the digital economy. We look forward to welcoming more themed ETFs and more digital asset products to our markets in the months ahead."
ETFs are one of the fastest-growing segments in HKEX's markets, with the diversity of product available in Hong Kong continuing to expand in 2022: highlights have included the listings of the first metaverse ETF, the first carbon futures ETF, the first blockchain ETF, and the inclusion of ETFs in Stock Connect.
In addition, the average daily turnover of Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), for the first 11 months increased 50 per cent to HK
Further information about Hong Kong-listed ETPs is available in HKEX website.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (Stock Code: 388) and one of the world's leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange.
As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.
HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
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SOURCE Hong Kong Exchanges and Clearing Limited (HKEX)
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