Hong Kong Exchanges and Clearing (HKEX) is expanding its ecosystem with the addition of crypto asset ETFs, which it says is the first of its kind in Asia.
The exchange listed two new ETFs today: CSOP Bitcoin Futures and CSOP Ether Futures. The products track cash-settled Bitcoin futures contracts and Ether futures contracts traded on the Chicago Mercantile Exchange.
These ETFs “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,” said Wilfred Yiu, HKEX’s COO and co-head of markets.
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HKEX said that ETFs are one of the fastest-growing segments in its product suite. The exchange also announced plans to expand the diversity of its offerings.
This year, it also supported the listings of the first metaverse ETF, carbon futures ETF, and blockchain ETF on the market.
Editing by Thu Huong Le and Jaclyn Tiu
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