Hong Kong Bitcoin ETF is about to go online, a new choice for investors
With the gradual development of virtual asset ETFs (Exchange Traded Funds), investors' choices in the cryptocurrency market will also become more diversified. According to Caihua News Agency, currently only a few Hong Kong brokerages with virtual asset retail licenses can subscribe to Hong Kong Bitcoin ETFs through new subscriptions, but once the ETF is officially listed on the Hong Kong Stock Exchange, there will be hundreds of Hong Kong brokerages and banks that can purchase it.
This virtual asset ETF will follow the performance of the CME CF Bitcoin Index (Asia Pacific Closing Price), so compared with directly purchasing Bitcoin, the profit and loss risks of cash subscriptions for Bitcoin ETFs are basically the same. For those investors who use physical subscriptions in the IOP stage, they can subscribe to Bitcoin ETFs with Bitcoin, and after the ETF is listed, if there is a premium, they will sell it, and then exchange it for Hong Kong dollars on the Hong Kong Stock Exchange, and then buy back Bitcoin at the same time, thereby earning the difference between the on-site and off-site prices.
The launch of this new product provides investors with a more convenient and flexible investment method. Through ETFs, investors can participate in the Bitcoin market without holding physical Bitcoins, which reduces the investment threshold and risk. At the same time, the trading method of ETFs is also more flexible, and better liquidity and price discovery can be obtained in the market.
