Hong Kong Stock Exchange: The total market value of 10 virtual asset ETPs in Hong Kong reached HKD 5.5 billion by the end of November

ChainCatcher news, according to Aastocks, the Hong Kong Stock Exchange stated that the Hong Kong ETP (Exchange-Traded Products, including ETFs and leveraged and inverse products) market will celebrate its 25th anniversary this November, covering 195 products, with a market capitalization reaching HKD 463 billion by the end of November. The Hong Kong ETF market has seen accelerated growth over the past five years, with an average daily trading volume compound annual growth rate of up to 30%, and the average daily trading volume for the first 11 months of this year reached HKD 18.7 billion.

In April this year, Asia's first virtual asset spot ETFs were launched, followed by Asia's first Bitcoin inverse product in July. Currently, there are 10 virtual asset ETPs listed in Hong Kong, with a total market capitalization reaching HKD 5.5 billion by the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitalize and automate the physical subscription and redemption mechanism of ETFs through an online platform by 2025, aiming to enhance the overall efficiency of the ETP market and promote sustained growth in its secondary market activities.