CSOP launched the first Bitcoin futures ETF and Ethereum futures ETF in Asia, which will be listed and traded on the Hong Kong Stock Exchange on December 16

According to Securities Times, CSOP Asset Management Co., Ltd. launched the first batch of virtual asset ETFs in Asia: CSOP Bitcoin Futures ETF (3066.HK), CSOP Ethereum Futures ETF (3068.HK). The ETF is open for subscription from December 13th to 14th, and is scheduled to be officially listed and traded on the Hong Kong Stock Exchange on December 16th. The virtual asset ETF launched by CSOP does not directly invest in virtual assets, but adopts an active investment strategy to achieve long-term capital growth by mainly investing in CME Group’s Bitcoin futures and Bitcoin futures. The first batch of virtual asset futures ETFs issued this time was exclusively subscribed online by Huasheng Securities. The price per unit of the two ETFs is about HK$7.8, the minimum investment threshold is about HK$780, the management fee is 1.99% per year, and the annual recurring expense ratio is expected to be 2% per year.