The asset manager CSOP has just announced the future launch of two new cryptocurrency future ETFs, available for trade on the Hong Kong Stock Exchange. The upcoming launch will be a milestone as the funds will be the first cryptocurrency future ETFs listed in Asia. Both funds will be actively managed and will invest in the Chicago Mercantile Exchange (CME Group) to follow Bitcoin and ether futures. A quote from the CME Group’s Global Head states, “The approval of two new ETFs based on CME Bitcoin and Ether furnitures marks an important milestone for the digital asset ecosystem in Asia.”
ETF Newz Says:
It should be noted that the Chinese government banned crypto mining and trading in 2021 and CSOP found a workaround.