HKEX Welcomes Asia’s First Crypto Asset ETFs

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HKEX is the first exchange in Asia to offer exposure to crypto assets through ETFs

ADT of Hong Kong-listed ETPs reached HK$11.8 billion since the start of 2022, up 50% year-on-year

HONG KONG, Dec. 15, 2022 /CNW/ — Hong Kong 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 (stock code: 3066) and CSOP Ether Futures ETF (stock code: 3068), both managed by CSOP Asset Management Limited, track Bitcoin futures and forward contracts. Ether term. respectively traded on the Chicago Mercantile Exchange (CME).

Wilfred Yiu, COO and Co-Head of Markets at HKEX, said, “The listing of two crypto asset ETFs today is an exciting addition to our growing and growing ETP ecosystem here at Hong Kong. They offer investors 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 of thematic ETFs and more digital asset products on our markets in the coming months.

ETFs are one of the fastest growing segments in the HKEX markets, with the diversity of products available in Hong Kong continuing to expand in 2022: highlights included 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), increased by 50% to $11.8 billion. HK in the first 11 months, compared to HK$7.8 billion for 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.

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Further information on Hong Kong-listed ETPs can be found on the HKEX website.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a listed company (stock code: 388) and one of the world’s leading exchange groups, offering a range of equities, derivatives, commodities, fixed income and other financial markets, products and services, including the 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 programs, ecosystem of increasingly diversified products and to its deep, liquid and international markets.

HKEX is a purpose-driven organization that, through its activities and through the work of the HKEX Foundation, seeks to connect, promote and advance its markets and the communities it supports for the prosperity of all.

www.hkexgroup.com

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SOURCE Hong Kong Exchanges and Clearing Limited (HKEX)

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