According to ChainCatcher, the Hong Kong Stock Exchange (HKEX) has announced a significant expansion of its virtual asset Exchange-Traded Products (ETPs), now offering a total of ten products. This includes a variety of ETFs, leveraged, and inverse products, contributing to the growing diversification of Hong Kong’s financial markets.
The ETP market in Hong Kong is set for continued growth in 2024, with a range of new thematic ETFs focused on sectors such as artificial intelligence, automation, digital payments, and Web3 technologies. One of the most notable additions this year is Asia’s first inverse Bitcoin product, which was listed in July. This innovative ETP offers investors a new tool to capture Bitcoin price movements through inverse strategies.
The virtual asset ETP market in Hong Kong has grown substantially. The launch of Asia’s first six virtual asset spot ETFs in April 2024, alongside the initial three virtual asset futures ETFs listed in December 2022 and January 2023, helped push the market capitalization to more than HK$3.2 billion by the end of August.
As the first Asian market to launch virtual asset ETPs, Hong Kong continues to solidify its position as a key financial hub for cryptocurrency investment products. The HKEX’s growing selection of virtual asset ETFs is expected to attract both institutional and retail investors, further advancing the development of the region’s crypto-related financial offerings.
