Hong Kong Stock Exchange: The total market value of Bitcoin and Ethereum futures ETFs in the first quarter reached HKD 1.2 billion, with an inflow of HKD 592 million

ChainCatcher news, Brian Roberts, the head of securities product development at the Hong Kong Stock Exchange, stated that following the approval of virtual asset futures ETFs for public offering in Hong Kong by the Securities and Futures Commission on October 31, 2022, three virtual asset futures ETFs investing in Bitcoin and Ethereum futures have been listed on the Hong Kong Stock Exchange. Since their launch, these ETFs have been favored by investors, with active trading and an average daily trading volume increasing from HKD 8.9 million in 2023 to HKD 51.3 million in the first quarter of 2024, while also attracting HKD 529 million in capital inflow. By the end of March 2024, the total market capitalization reached HKD 1.2 billion, a year-on-year increase of 255%.

In December 2023, the Hong Kong Securities and Futures Commission announced the allowance for the listing of virtual asset spot ETFs, further enhancing Hong Kong's status as a cryptocurrency hub, making the Hong Kong Stock Exchange the first exchange in Asia to permit the listing of such products. (Hong Kong Economic Journal)