The Hong Kong Exchanges and Clearing Limited (HKEX) marked a historic milestone by listing Asia's inaugural crypto asset ETFs, expanding its product ecosystem and offering enhanced opportunities for both local and international investors.
Key Highlights
- Pioneering Achievement: HKEX becomes Asia’s first exchange to offer crypto asset ETF products.
- Market Growth: From early 2022 to date, the average daily turnover of Hong Kong-listed ETPs reached HK$11.8 billion, reflecting a 50% year-on-year increase.
New ETF Listings
Two landmark ETFs debuted today:
- CSOP Bitcoin Futures ETF (Stock Code: 3066)
- CSOP Ethereum Futures ETF (Stock Code: 3068)
Managed by CSOP Asset Management, these ETFs track standardized, cash-settled Bitcoin and Ethereum futures contracts traded on the Chicago Mercantile Exchange (CME).
Leadership Insight
Mr. Wilfred Yiu, HKEX’s Chief Operating Officer and Co-Head of Markets, remarked:
"These crypto ETFs enrich Hong Kong’s dynamic ETP ecosystem, pioneering digital asset access for Asian investors. Our focus on the digital economy aligns with market demand, and we anticipate more thematic ETFs and innovative digital asset products in the coming months."
2022 Product Expansion
HKEX’s ETF segment witnessed remarkable diversification:
- First Metaverse ETF
- First Carbon Futures ETF
- First Blockchain ETF
- Inclusion of ETFs in the Stock Connect program
👉 Explore the latest ETF trends
Market Performance
- ETP Surge: Average daily ETP turnover surged to HK$11.8 billion (Jan–Nov 2022), up 50% from HK$7.8 billion YoY.
- Market Scale: 168 listed ETPs with a total market cap of HK$373.5 billion (as of November 2022).
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX: 388) is a globally leading exchange group offering equities, derivatives, commodities, and fixed-income products. Its subsidiaries include the London Metal Exchange.
As a super-connector bridging East and West, HKEX fosters bidirectional capital flow between China and global markets through innovative initiatives like the Stock Connect and a diversified product ecosystem.
👉 Learn how HKEX drives financial innovation
FAQs
Q1: What makes these crypto ETFs unique?
A1: They are the first in Asia to offer regulated exposure to Bitcoin and Ethereum futures, combining HKEX’s robust framework with CME’s derivatives market.
Q2: How has Hong Kong’s ETP market evolved?
A2: 2022 saw thematic breakthroughs (e.g., Metaverse ETFs) and a 50% YoY turnover increase, signaling strong investor adoption.
Q3: Are these ETFs available to international investors?
A3: Yes, HKEX’s globally accessible platform allows both local and overseas participation.