Hot on the heels of its Bitcoin (
Other Hong Kong futures ETFs have also seen interest, with two ETFs managed by CSOP Asset Management having raised $73.6 million in investments ahead of their Dec. 16 listing.
As noted by CSOP executive Yi Wang at the time: “The ETFs do not invest in physical Bitcoin and […] there are more regulatory safeguards for investors compared to tokens traded on unregulated platforms.”
Related: Hong Kong watchdog aims to restrict retail traders to liquid products
In a Twitter Spaces interview with Bloomberg Asia on Jan. 5, Animoca Brands Chairman Yat Sui indicated that Hong Kong was looking more attractive as a listing location compared to the United States, noting:
“The U.S. obviously seemed to be the market at the time that was perhaps a good one. But I would argue that, you know, places like Asia, particularly Hong Kong, are starting to look pretty attractive with their virtual asset policies, […] with their desire to basically be a leader in the space.”
A lack of regulatory clarity has often been cited as the reason why so much crypto activity is leaving the United States, and has prompted lawmakers to push for crypto regulations as soon as possible.
