CSOP'S ETF to become Asia's first listed Bitcoin and Ether futures ETF upon listing on HKEX

CSOP Bitcoin Futures ETF (3066.HK) and CSOP Ether Futures ETF (3068.HK) to List on HKEX (Graphic: Business Wire)

KUALA LUMPUR, Dec 15 (Bernama) -- CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF will become Asia’s first listed Bitcoin and Ether futures ETFs when they make their debut on the Hong Kong Stock Exchange (HKEX) on Dec 16.

The exchange-traded funds (ETFs) manager, CSOP Asset Management Ltd (CSOP), said both ETFs are actively managed to invest in Chicago Mercantile Exchange (CME Group) listed Bitcoin and Ether futures to track their respective prices and capture the performance of Bitcoin and Ether.

“With the same listing price at around 7.75 Hong Kong dollar (HKD) per unit (HKD1=RM0.57), trading lot of 100 and management fee of 1.99 per cent, CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF have received US$53.89 million (US$1=RM4.39) and US$19.74 million initial investment, respectively,” it said in a statement today.

It said CSOP is the first Chinese offshore asset management company established in Hong Kong and since its establishment in 2008, the company has been committed to bringing high-quality and creative investment tools to Hong Kong investors.

“Today we are the first ETF manager to bring the most cutting-edge virtual assets ETF products to Hong Kong and Asian retail investors in a flexible and transparent manner,” CSOP chief executive officer Ding Chen said.

He said investors could easily track Bitcoin and Ether prices with the conventional investment tool of ETFs.

The newly-listed virtual assets futures ETFs are easy for investors to buy and sell through traditional brokerage or investment accounts with a minimum investment of around US$100.

Active investment strategies are adopted to allow flexibility in portfolio composition, rolling strategy and handling of any market disruptions.

Furthermore, fund assets of virtual assets futures ETFs are maintained by an independent custodian with great protection and stringent regulation.

-- BERNAMA