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Hong Kong Exchanges and Clearing Limited: The total market value of Bitcoin and Ethereum futures ETFs reached HK$1.2 billion in the first quarter, wi

Hong Kong Exchanges and Clearing Limited: The total market value of Bitcoin and Ethereum futures ETFs reached HK$1.2 billion in the first quarter, wi

CointimeCointime2024/05/06 04:19
By:Cointime

According to data disclosed by Brian Roberts, head of securities product development at the Hong Kong Stock Exchange, shows that after the approval of virtual asset futures ETFs for public offering in Hong Kong by the China Securities Regulatory Commission on October 31, 2022, three virtual asset futures ETFs investing in Bitcoin and Ethereum futures were listed on the Hong Kong Stock Exchange. Since their launch, these ETFs have been popular with investors and have a high trading volume. The daily trading volume has increased from HKD 8.9 million in 2023 to HKD 51.3 million in the first quarter of 2024, and they have also attracted HKD 529 million in capital inflows. As of the end of March 2024, the total market value has reached HKD 1.2 billion, an annual increase of 255%.

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