Asia’s first futures Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) began trading on the Hong Kong Stock Exchange. The ETFs raised a total of $73.6 million before they were listed.
As of today, 2 ETFs, including futures Bitcoin and Ether on the Hong Kong Stock Exchange started processing. CSOP Asset Management Managed ETFs, prior to listing raised $73.6 million investment. In an announcement made by the ETF issuer, CSOP Futures Bitcoin ETF $53.8 million, If the CSOP Futures Ether ETF $19.7 million stressed the investment.
From CME Group executives Team McCourt, The reason behind ETF listings is those who want to trade with Bitcoin and Ether. increasing user demand tied up.
These ETFs according to the CSOP First listed in Asia term Bitcoin and Ether ETFs has the status. Also, CSOP was previously Hong Kong’s first metaverse It launched its ETF and listed it on the Hong Kong Stock Exchange in February.
Head of Global Equities and FX Products, CME Group Tim McCourt In his statement he made the following statements:
The approval of two new ETFs based on CME Bitcoin and Ether futures marks an important milestone for the digital asset ecosystem in Asia.
Yi Wang, CSOP executive, told Reuters that ETF trading has more security than token trading on unregulated platforms:
ETF trading for Bitcoin and Ether has more security compared to token trading on unregulated platforms.