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Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

CSOP Asset Management, an investment advisor based in Hong Kong, will launch Bitcoin and Ether futures exchange-traded funds (ETS) on the Hong Kong Stock Exchange on Friday. However, ahead of their debut, the ETFs have raised a combined $73.6 million, with the Bitcoin futures ETF alone accounting for $53.9 million, Reuters reports.

In October last year, the United States’ first Bitcoin-linked futures EFT launched with a seed capita... Read More

Posted: Dec 15 2022, 13:42
Author Name: financemagnates
Views: 110878

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