CSOP bitcoin futures ETF closes higher in Hong Kong debut

HONG KONG, Dec 16 (Reuters) – Hong Kong’s first bitcoin and ether futures change traded funds (ETFs) ended their first buying and selling day higher on Friday, reflecting traders’ curiosity regardless of the broader crypto market meltdown.

The CSOP Bitcoin Futures ETF (3066.HK) closed up 0.5% at HK$7.81 per unit, whereas the CSOP Ether Futures ETF ended 0.4% higher at HK$7.805.

Both ETFs had opened flat in comparison with their estimated web asset values, each at HK$7.77 per unit. Among the 2, the bitcoin futures ETF attracted extra buying and selling quantity, as a complete of 937,200 models value HK$7.3 million modified palms.

“The two crypto asset ETFs present traders with publicity to the digital asset house for the primary time in Asia and mirror each our ongoing dedication to, and the market’s urge for food for, the digital financial system,” mentioned Wilfred Yiu, chief working officer and co-head of markets at Hong Kong Exchanges & Clearing .

Prior to the their debut, the 2 funds raised a mixed $73.6 million from traders.

($1 = 7.7777 Hong Kong {dollars})

Reporting by Georgina Lee; Editing by Christian Schmollinger and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.


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