CoinVoice has recently learned that, according to Aastocks, the Hong Kong Stock Exchange announced that the Hong Kong ETP (Exchange-Traded Products, including ETFs and leveraged and inverse products) market will celebrate its 25th anniversary this November, covering 195 products, with a market value reaching HKD 463 billion by the end of November. The Hong Kong ETF market has seen growth in the past 5 years, with an average daily trading volume compound annual growth rate of up to 30%. In the first 11 months of this year, the average daily trading volume reached HKD 18.7 billion.
In April this year, Asia's first spot virtual asset ETFs were launched, followed by Asia's first Bitcoin inverse product in July. Currently, there are 10 virtual asset ETPs listed in Hong Kong, with a total market value reaching HKD 5.5 billion by the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitalize and automate the physical subscription and redemption mechanisms of ETFs through an online platform by 2025 to enhance overall ETP market efficiency and promote continued growth in its secondary market activities. [Original link]
