FOLLOW US: @theinsaneapp
Hong Kong's New Bitcoin Futures and Ether Futures ETFs Raised $79 Million in Trading Debut.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Fund managers launched new bitcoin- and ether futures exchange-traded funds (ETF), which began trading on the Hong Kong Stock Exchange on Dec. 16.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to CSOP, they will be the first ETFs that list bitcoin and ether futures in Asia.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
This launch is noteworthy because the Chinese government banned crypto trading and mining in September 2021. However, Hong Kong still maintains an independent financial and legal system.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
These funds will be managed actively to invest in Chicago Mercantile Exchange's (CME Group) bitcoin and ether futures to track their respective prices.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Tim McCourt stated that approving two new ETFs, based on CME Bitcoin futures and Ether futures, is a significant milestone in Asia's digital asset ecosystem.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
CSOP launched Hong Kong's first Metaverse ETF in February. It was then listed on the HK Stock Exchange.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Last year, the first bitcoin futures exchange-traded funds were approved in the United States.
Twitter | Insatagram | Facebook