HKEX Releases 2024 Review: Listed Asia's First Batch of Virtual Assets SpotETF, Launches Virtual Asset Index Series

On December 21, PANews reported that in the review of 2024, the virtual asset market of exchanges for trading products (ETPs, including ETFs, leveraged and reverse products) has been growing rapidly. As of the end of November, the average daily trading volume reached 18.7 billion yuan, an increase of about 34% compared to the same period in 2023. During the year, the first batch of covered subscription Options ETFs in Hong Kong and the first virtual asset Spot ETFs in Asia were listed on the Hong Kong exchange, further enriching the diversity of ETP products and improving market liquidity, which led to the listing of 36 new ETFs. In addition, the Hong Kong exchange announced plans to digitize and automate the physical subscription and redemption mechanism of ETPs to improve the efficiency of the ETP market and promote continuous growth in secondary market activities. In addition, the Hong Kong exchange has launched the Hong Kong exchange virtual asset index series, providing a reliable benchmark price for the rapidly emerging asset class of virtual assets, supporting Hong Kong’s development as a leading digital asset center.