Hong Kong Cryptocurrency Futures ETF Experiences Top Performance Amid Bitcoin Rally

Three Hong Kong-based cryptocurrency futures exchange-traded funds hit new highs as Bitcoin surpassed $52,000 on Thursday.

CSOP Bitcoin BTC

-1.36%
The futures ETF, Hong Kong’s first Bitcoin futures ETF, closed 3.56% higher at HK$20.92 ($2.67) on Thursday, its highest since its launch in December 2022. The Samsung Bitcoin Futures Active ETF rose 3.67% to close at HK$20.32 on Thursday, while the CSOP Ether Futures ETF rose 4.56% to close at HK$15.81, both hitting record highs. Hong Kong’s benchmark Hang Seng index closed 0.41% higher.

As Bitcoin prices rose, ETF movements emerged. Approximately $52,800 According to Thursday Block Pricing Page. Bitcoin was trading at about $52,100 at 2:15 PM Hong Kong time on Friday.

Meanwhile, in Hong Kong, some blockchain and cryptocurrency stocks rose on Thursday. Sinohope Technology Holdings Ltd., formerly Huobi Technology or New Huo Technology, saw its stock price surge 26% on Thursday. Shares of cryptocurrency trading platform OSL closed 12.6% higher on Thursday.

Spot Cryptocurrency ETF Rush

Several Hong Kong companies have announced plans to file applications for a spot cryptocurrency ETF this year after local regulators announced. ready to accept Such an application.

The financial services company earlier this month Venture Smart Financial Holdings They announced that they are aiming to launch a spot Bitcoin ETF in the first quarter and a spot Ether ETF in the second quarter. Hong Kong branch of Harvest Fund, a major Chinese asset management company Known to have been submitted January Spot Bitcoin ​​ETF Application.

Last month, HashKey Exchange CEO Livio Weng said: About 10 fund companiesThe city has begun investigating potential spot cryptocurrency ETF launches, including those backed by Chinese capital.

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