Ethereum

Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Hong Kong Stock Exchange debuts Asia’s first spot Bitcoin and Ether exchange-traded funds (ETFs).</li>
 <li>The ETFs are available to qualified investors outside of Hong Kong, with certain restrictions for mainland China.</li>
</ul>
<p>The Hong Kong Stock Exchange marked a significant milestone in the world of cryptocurrencies by launching Asia’s first spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ether</a> ETFs.</p>
<h2 id="etf-listings">ETF Listings</h2>
<p>Hong Kong Exchanges and Clearing Ltd. listed six ETFs, including Bosera HashKey Bitcoin ETF, Bosera HashKey Ether ETF, ChinaAMC Bitcoin ETF, ChinaAMC Ether ETF, Harvest Bitcoin Spot ETF, and Harvest Ether Spot ETF.</p>
<p>These listings follow the approval of several spot Bitcoin and Ether ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey.</p>
<p>Brian Roberts, Head of Equities Product Development at the Hong Kong Exchanges and Clearing Ltd., highlighted the positive impact of these listings on the diversity and liquidity of the Hong Kong ETP market.</p>
<h2 id="investor-access-and-unique-features">Investor Access and Unique Features</h2>
<p>These spot crypto ETFs are accessible to qualified investors outside of Hong Kong. However, investors from mainland China still face restrictions.</p>
<p>A unique feature of these Hong Kong spot crypto products is their in-kind feature. Investors can buy the ETFs with Bitcoin or Ethereum and sell them for cash, or vice versa. This feature offers two-way investment flexibility.</p>
<p>Previously, Hong Kong listed three futures-based crypto ETFs. The interest in virtual asset ETFs has grown since these were first launched in late 2022.</p>
<p>The combined average daily turnover for the three crypto futures ETFs reached HK$51.3 million (about $6.5 million) in the first quarter of this year, up from HK$8.9 million a year earlier. These ETFs also reported HK$529 million in net inflows during the first quarter.</p>

Asia’s Pioneer BTC and ETH ETFs Make Official Debut in Hong Kong

Table of Contents

crypto.ro global

Other articles published on Apr 30, 2024

CARV Announces Decentralized Node Sale to Revolutionize Data Ownership in Gaming and AI (30 Apr)

Binance Futures Announced Listing These Altoins in USDC with 50x Leverage!

Crucial Week Ahead For Crypto Market: What You Need To Know

Can Wormhole Crypto Sustain Its Momentum as Cross-Chain Meme Coin Presale Hits $12 Million Mark?

Bitcoin Struggles at $62K as Hong Kong ETFs Stir Market Optimism

Five Promising Altcoins Under $0.1 to Watch In May

Join our free newsletter for daily crypto updates!