First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. The two funds attracted over $74 million in investment, with most going into the bitcoin fund. CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF will track CME's bitcoin and ether futures, the company said. The CSOP bitcoin and ether ETFs have received more than $74 million in initial investments — $54 million and $20 million, respectively — shaking off the slump in cryptocurrency prices and the fallout from high-profile collapses of FTX and others. The approval of the ETFs is an "important milestone" for digital assets in Asia.
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