Interactive Brokers Introduces Hong Kong Spot Bitcoin and Ether ETPs

Rhea-AI Summary

Interactive Brokers (IBKR) has introduced new Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) on the Hong Kong Stock Exchange. Clients can now trade these ETPs alongside various other financial products on a unified platform. This move provides investors with the opportunity to add cryptocurrency exposure to their portfolios without directly owning digital assets. The new Spot Bitcoin and Ether ETPs are available as of April 30, 2024, with specific stock symbols for each ETP. David Friedland, Head of APAC for Interactive Brokers, expressed pleasure in expanding the product line-up to include these new ETPs.

Positive

• Interactive Brokers (IBKR) has expanded its product line-up by introducing new Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) on the Hong Kong Stock Exchange, offering clients enhanced flexibility to manage cryptocurrency exposure from a single brokerage account.

• Clients of Interactive Brokers Hong Kong can now easily trade the new Spot Bitcoin and Ether ETPs alongside a wide range of global products available through the platform, including stocks, options, futures, currencies, bonds, and funds.

Negative

• None.

New ETPs are Available on the Hong Kong Stock Exchange

GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) available to trade on the Hong Kong Stock Exchange.

Eligible clients of Interactive Brokers Hong Kong can now trade the new Spot Bitcoin and Ether ETPs alongside stocks, options, futures, currencies, bonds, funds and more from a single unified platform. Clients can purchase Spot Bitcoin and Ether ETPs through their IBKR brokerage accounts and easily add cryptocurrency exposure to their portfolios without owning digital assets directly.

David Friedland, Head of APAC for Interactive Brokers, commented, “We are pleased to expand our product line-up with the new Spot Bitcoin and Ether ETPs. These straightforward products give our clients enhanced flexibility to manage cryptocurrency exposure from the same brokerage account used to trade the broad range of global products available through Interactive Brokers.”

The following Spot Bitcoin and Ether ETPs are available as of April 30, 2024:

SEHK Stock Symbols
	ETF	HKD	USD	RMB
Bosera/Haskey	Bitcoin	3008	9008
ChinaAMC	Bitcoin	3042	9042	83042
Harvest	Bitcoin	3439	9439
Bosera/Haskey	Ether	3009	9009
ChinaAMC	Ether	3046	9046	83046
Harvest	Ether	3179	9179

For more information, please visit: https://www.interactivebrokers.com.hk/en/trading/spot-bitcoin-etps.php

Eligible investors should please review the prospectus of each ETP before trading.

The Best Informed Investors Choose Interactive Brokers

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the sixth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its June 9, 2023, Best Online Brokers Review.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240429722408/en/

for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com

Source: Interactive Brokers Group, Inc.

FAQ

What new products did Interactive Brokers introduce on the Hong Kong Stock Exchange?

Interactive Brokers introduced new Spot Bitcoin and Ether Exchange Traded Products (ETPs) on the Hong Kong Stock Exchange.

When were the new Spot Bitcoin and Ether ETPs made available?

The new Spot Bitcoin and Ether ETPs were made available as of April 30, 2024.

How can clients of Interactive Brokers Hong Kong trade the new Spot Bitcoin and Ether ETPs?

Clients can trade the new Spot Bitcoin and Ether ETPs through their IBKR brokerage accounts.

What is the benefit of trading these new ETPs?

Investors can add cryptocurrency exposure to their portfolios without owning digital assets directly by trading the new Spot Bitcoin and Ether ETPs.

Who is the Head of APAC for Interactive Brokers?

David Friedland is the Head of APAC for Interactive Brokers.