Three Hong Kong Crypto ETFs Go Live, Key Points You Should Know

1. The Hong Kong market has approved three asset management companies for the first time: Huaxia Fund, E Fund Management, and Bosera Fund, to issue Bitcoin and Ethereum spot ETF products.
2. These ETF products anchor the tracking of Bitcoin's price by holding a significant amount of cryptocurrency spot, providing investors with investment returns closely tied to the prices of Bitcoin and Ethereum spot.
3. The ETF products of the three companies were all listed on the same day, April 30, 2024. There are differences in the initial offering price, trading of shares and subscriptions, trading currency, management fees, and other aspects.
4. All three companies' ETF products have selected the CME CF Bitcoin Pricing Index as the tracking target and are custodied by Bank of China International's UK branch Trust.
5. Bloomberg data shows that Huaxia Fund, E Fund Management, and Bosera Fund have different asset under management sizes and ETF issuance numbers in Mainland China and the Hong Kong region.