Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome the listing of Asia’s first Spot Virtual Asset (VA) ETFs, adding to the diversity of products in Hong Kong’s markets and further supporting the city’s position as the region’s leading ETF marketplace by offering investors even more choice.

HKEX Head of Equities Product Development, Brian Roberts, said: “The introduction of Spot VA ETFs in Hong Kong is the latest exciting addition to HKEX’s diverse and vibrant ETP ecosystem, providing investors with access to a new asset class. Following the success of VA Futures ETFs, the listing of Asia’s first spot VA ETFs will further enhance the product diversity and liquidity of the Hong Kong ETP market. We look forward to continue working closely with our stakeholders with a view to launching more products to our international marketplace.”

Investor interest in virtual asset ETFs has grown since VA Futures ETFs were first launched in late 2022. In the first quarter of 2024, the combined average daily turnover (ADT) for the three VA Futures ETFs listed in Hong Kong reached $51.3 million, up from $8.9 million a year earlier. Additionally, these three VA futures ETFs attracted $529 million in net inflows during the first quarter.

Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), remain one of the fastest-growing segments in HKEX’s markets, with the diversity of products available in Hong Kong continuing to expand over the last year. These include welcoming Asia Pacific’s first Saudi Arabian ETF, Hong Kong’s first ever listings of Covered Call ETFs, part of the 16 new ETFs introduced in 2023 and in the first quarter of 2024, bringing the total to 179.

Source: HKEX

As of the market close today, the total trading volume of the six first Bitcoin and Ethereum spot ETFs issued in Hong Kong was only 87.58 million HKD (12 million U.S. dollars). In comparison, the first-day trading volume of the U.S. Bitcoin ETF was as high as US$4.6 billion,…

— Wu Blockchain (@WuBlockchain) April 30, 2024

To be clear. By any reasonable *relative* measure for the launch of these ETFs — they were a massive success for the HK market

It's just that some were trying to look at what happened in the US and equate that in some way to the HK ETF market on an almost *absolute* basis https://t.co/B2GKmr7L5T

— James Seyffart (@JSeyff) April 30, 2024

Interactive Brokers Introduces Hong Kong Spot Bitcoin and Ether ETPs

Interactive Brokers , an automated global electronic broker, announced the launch of Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) available to trade on the Hong Kong Stock Exchange.

Eligible clients of Interactive Brokers Hong Kong can now trade the new Spot Bitcoin and Ether ETPs alongside stocks, options, futures, currencies, bonds, funds and more from a single unified platform. Clients can purchase Spot Bitcoin and Ether ETPs through their IBKR brokerage accounts and easily add cryptocurrency exposure to their portfolios without owning digital assets directly.

David Friedland, Head of APAC for Interactive Brokers, commented, “We are pleased to expand our product line-up with the new Spot Bitcoin and Ether ETPs. These straightforward products give our clients enhanced flexibility to manage cryptocurrency exposure from the same brokerage account used to trade the broad range of global products available through Interactive Brokers.”

The following Spot Bitcoin and Ether ETPs are available as of April 30, 2024:

For more information, please visit: https://www.interactivebrokers.com.hk/en/trading/spot-bitcoin-etps.php

Eligible investors should please review the prospectus of each ETP before trading.

Source: Interactive Brokers