Nikolas Sargeant
Investor demand for virtual asset ETFs has surged since the introduction of VA Futures ETFs in late 2022. By the first quarter of 2024, the daily turnover for the three VA Futures ETFs listed in Hong Kong soared to $51.3 million, with net inflows reaching $529 million during the same period.
The Hong Kong Stock Exchange continues to broaden its range of exchange-traded products (ETPs), with ETFs and Leveraged and Inverse Products (L&I Products) experiencing rapid growth.
Brian Roberts, HKEX's Head of Equities Product Development, commented, "The launch of Spot VA ETFs in Hong Kong adds further diversity to our dynamic ETP ecosystem, offering investors access to a new asset class."
Roberts further emphasized, "Building on the success of VA Futures ETFs, the introduction of Asia's first spot VA ETFs will bolster product variety and liquidity in the Hong Kong ETP market."
Competition In Bitcoin and Ethereum ETFs
Issued by China Asset Management Co. (China AMC), Harvest Global Investments, Bosera International, and HashKey Capital, the spot Bitcoin and Ethereum ETFs are poised to ignite a new phase of ETF competition, as anticipated in previous reports.
Since 2023, HKEX has introduced 16 new ETFs, bringing the total offerings to 179. With plans to diversify its product portfolio and strengthen its global market position, HKEX remains committed to collaborating closely with stakeholders.
Roberts affirmed, "We eagerly anticipate further collaboration with our stakeholders to introduce additional products to the international marketplace."
