the Hong Kong Stock Exchange stated that the Hong Kong ETP (Exchange Traded Products, including ETFs and leveraged and inverse products) market entered its 25th year in November this year, covering 195 products, with a market value of HKD 463 billion at the end of November. The growth rate of the Hong Kong ETF market has increased in the past 5 years, with an average daily turnover compound annual growth rate of up to 30%, and the average daily turnover in the first 11 months of this year reached HKD 18.7 billion. In April of this year, the first batch of virtual asset spot ETFs in Asia was introduced, followed by the first Bitcoin inverse product in Asia in July. There are currently 10 virtual asset ETPs listed in Hong Kong, with a total market value of HKD 5.5 billion at the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitize and automate the physical subscription and redemption mechanism of ETFs through online platforms by 2025, to improve the overall efficiency of the ETP market and promote the continuous growth of its secondary market activities.

#binancepizza