HKEX Welcomes Asia's First Spot Virtual Asset ETFs
Hong Kong Exchanges and Clearing (HKEX) welcomes the listing of Asia's first Spot Virtual Asset (VA) ETFs on April 30, 2024, enhancing the diversity and liquidity of the Hong Kong ETP market. The introduction of Spot VA ETFs follows the success of VA Futures ETFs, with a significant increase in investor interest. The combined average daily turnover for VA Futures ETFs in the first quarter of 2024 reached HK$51.3 million, up from HK$8.9 million a year earlier, attracting HK$529 million in net inflows.
ETPs, including ETFs and Leveraged and Inverse Products, remain a rapidly growing segment in HKEX's markets, with the introduction of various new products in recent years, such as Asia Pacific's first Saudi Arabian ETF and Hong Kong's first Covered Call ETFs.
Introduction of Asia's first Spot Virtual Asset (VA) ETFs enhances the diversity and liquidity of the Hong Kong ETP market.
Significant increase in investor interest in virtual asset ETFs, with combined average daily turnover for VA Futures ETFs reaching HK$51.3 million in the first quarter of 2024.
The success of VA Futures ETFs and the listing of Spot VA ETFs contribute to the expansion of HKEX's ETP ecosystem, providing investors with access to new asset classes.
- None.
HKEX Head of Equities Product Development, Brian Roberts, said: "The introduction of Spot VA ETFs in
Investor interest in virtual asset ETFs has grown since VA Futures ETFs were first launched in late 2022. In the first quarter of 2024, the combined average daily turnover (ADT) for the three VA Futures ETFs listed in
Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), remain one of the fastest-growing segments in HKEX's markets, with the diversity of products available in
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX 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 Metal Exchange.
As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between
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.
View original content:https://www.prnewswire.com/news-releases/hkex-welcomes-asias-first-spot-virtual-asset-etfs-302130929.html
SOURCE Hong Kong Exchanges and Clearing Limited (HKEX)
FAQ
When were Asia's first Spot Virtual Asset (VA) ETFs listed in Hong Kong?
What was the combined average daily turnover for VA Futures ETFs in the first quarter of 2024 in Hong Kong?
What are Exchange Traded Products (ETPs) mentioned in the press release?
What were some of the new ETFs introduced in Hong Kong in 2023 and the first quarter of 2024?