KraneShares Converts ADRs to Hong Kong Shares Amidst Delisting

Share post:

KraneShares has been trying to convert their ADRs into Hong Kong shares as a defense to the recent potential of delisting Chinese companies in the United States. The move has been seen in their fund, KraneShares CSI China Internet ETF (KWEB) which offers exposure to some of the biggest companies in the Chinese internet sector as well as following the CSI Overseas China Internet Index.

ETF Newz Says:

The fund went from 75% U.S. ADRs and 25% Hong Kong shares to 34% ADRs and 66% Hong Kong shares in a year.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...