CSOP Launches Bitcoin Futures ETF and Ethereum Futures ETF By CoinEdition

© Reuters CSOP Launches Bitcoin Futures ETF and Ethereum Futures ETF

  • CSOP launched ETF and Futures ETF.
  • The Securities Regulatory Commission told that qualified virtual asset future ETFs would be allowed to be sold publicly.
  • The new move would help regulate the market by avoiding manipulation and illegal activities.

It has been reported that CSOP Management Co, Ltd, a property management company in Hong Kong, launched the first batch of virtual assets Exchange Trade Fund (ETF) including the CSOP Futures ETF (3066. HK) and CSOP Ethereum Futures ETF in Asia (3068. HK) on December 13.

Previously, in October, Hong Kong issued a policy statement on the development of Virtual Assets (VI), thereby strengthening the country’s insistence on empowering the crypto trade. By assuring the country’s vision for the country’s Virtual Asset Industry, Hong Kong’s Securities Regulatory Commission announced that the country would be allowed to trade qualified virtual asset futures ETFs publically.

Notably, ETFs are funding in cryptocurrencies that track the prices of one or more crypto coins. Thus, Hong Kong’s decision to promote ETFs contributed to proving the country’s enthusiasm for embracing …

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