CSOP Bitcoin Futures ETF (3066.HK) and CSOP Ether Futures ETF (3068.HK) to list on HKEX

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HONG KONG–(BUSINESS WIRE)–CSOP Bitcoin Futures ETF (3066.HK) and CSOP Ether Futures ETF (3068.HK) will be listed on the Hong Kong Stock Exchange on December 16, 2022 as the first Bitcoin futures and Ether listed in Asia ETF. To capture the performance of Bitcoin and Ether, 3066.HK and 3068.HK ​​are actively managed to invest in Bitcoin and Ether futures contracts listed on the Chicago Mercantile Exchange (CME Group) to track their respective prices. With the same listing price of around HKD 7.75 per unit, 100 trade lot and 1.99% management fee, 3066.HK and 3068.HK ​​respectively received an initial investment of 53 .89 million USD and 19.74 million USD.

A virtual asset refers to digital representations of value which may be in the form of digital tokens (such as utility tokens, stablecoins, or tokens backed by securities or assets) or any other virtual commodity, crypto – asset or other asset essentially of the same nature. 1 The global market capitalization of virtual assets reached an all-time high of USD 3 trillion in November 2021, with over 10,000 types of cryptos and over 600 exchanges.2 Virtual assets have become too large an asset class to be overlooked and with great potential for growth. Bitcoin and Ether are the most representative crypto assets in today’s market, with a total market capitalization of 39% and 17% respectively. surged 100x to USD 7,677 million from USD 75 million in 2019.4 As an emerging asset class, virtual assets have experienced tremendous price volatility. As an example, Bitcoin price spiked to over $66,000 each in 2021 and then pulled back about 75% from its high in late November 2022, which could incubate another series of rebounds.5

Given the growing market acceptance of virtual assets, the Hong Kong Securities and Futures Commission has announced that it will clear the launch of ETFs tracking crypto futures for public offering on October 31, 2022, marking the first time that Asian retail investors can get this kind of exposure to virtual markets. assets.6 Newly listed virtual asset futures ETFs are easy for investors to buy and sell through traditional brokerage or investment accounts with a minimum investment of around $100. Active investment strategies are adopted to allow flexibility in portfolio composition, rollover strategy and management of any market disruptions. In addition, the assets of the funds of the virtual asset futures ETFs are held by an independent custodian with great protection and strict regulation.

The approval of two new ETFs based on CME Bitcoin and Ether futures marks an important milestone for the digital asset ecosystem in Asia, said Tim McCourt, Global Head of Equity and FX Products, CME Group. The listing of these ETFs underscores robust growth and increasing client demand for bitcoin and ether exposure through CME Group’s transparent, highly regulated and highly liquid benchmark futures contracts, both of which have seen an increase combined of 20% of average daily volume compared to 2021. In addition, the introduction of these funds, by companies like CSOP Asset Management, will create new opportunities for a wide range of institutional and retail investors.

CSOP is China’s first offshore asset management company established in Hong Kong. Since its inception in 2008, CSOP has been committed to providing creative and high-quality investment tools to investors in Hong Kong. Today, we are the first ETF manager to offer the most advanced virtual asset ETF products to retail investors in Hong Kong and Asia in a flexible and transparent way. Investors can easily follow Bitcoin and Ether prices with the conventional ETF investment tool, concludes Ms. Ding Chen, Managing Director of CSOP.

About CSOP

CSOP Asset Management (CSOP) is one of the largest issuers of ETFs in Asia, the second in Hong Kong# . Founded in 2008, CSOP was the first offshore asset manager established by a Chinese asset management company. Dedicated to providing best-in-class investment solutions, CSOP offers institutional and retail clients a diversified offering of exchange-traded funds/index products, actively managed mutual funds and investment advisory services, covering strategies ranging from equity and fixed income products to money market. and quantitative funds.

# Bloomberg, as of October 2022, excluding SPDR Gold Trust

This document has not been reviewed by the Securities and Futures Commission.

Issuer: CSOP Asset Management Limited

IMPORTANT: Investing involves risk. The investment value may increase or decrease. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and Product Highlights Statement for full details, including product features and risk factors. Investors should not rely solely on this document to make investment decisions.

The CSOP Ether Futures ETF is a sub-fund of the CSOP ETF series, which is an umbrella mutual fund incorporated under the laws of Hong Kong. It is an actively managed exchange-traded fund. Units of the CSOP Ether Futures ETF are traded on the Hong Kong Stock Exchange like stocks. The CSOP Ether Futures ETF is denominated in USD.

The CSOP Bitcoin Futures ETF is a sub-fund of the CSOP ETF series, which is an umbrella mutual fund incorporated under the laws of Hong Kong. It is an actively managed exchange-traded fund. Shares of the CSOP Bitcoin Futures ETF are traded on the Hong Kong Stock Exchange like stocks. The CSOP Bitcoin Futures ETF is denominated in USD.

CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not offered or sold directly or indirectly in Mainland China to or for the benefit of any Mainland Chinese person or entity. Further, no Mainland Chinese person or entity may directly or indirectly purchase any units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior Mainland Chinese government approvals that are required by statute or otherwise.

Investors are advised to read the relevant Prospectuses and Key Product Information in detail before making any investment decision.

_________________________ 1 For more details, please see SFC circular https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/products/product-authorization/doc?refNo=22EC60 2 CoinGecko 3 CoinGecko 4 Grayscale 5 Coindesk 6 CSOP, Bloomberg, November 2022

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