According to PANews, Hong Kong's largest Bitcoin futures ETF, the CSOP Bitcoin Futures ETF, has experienced a fivefold increase in assets under management in the past five months, reaching just over $100 million. CSOP Asset Management reported a significant increase in demand in February.
Alessandro Zhu, deputy director in charge of crypto products at CSOP Asset Management, said that the approval and launch of spot Bitcoin exchange-traded funds in the United States this year has stimulated investor demand, as they believe the limited supply of tokens will drive up prices. He added that Bitcoin's performance has been significantly better than Hong Kong stocks, which has also boosted demand.
The daily average trading volume of the CSOP Bitcoin Futures ETF this year has soared to $2.8 million, up from $970,000 last year, and is now on par with the trading volume of some Hong Kong real estate giants such as Wharf Holdings (0004.HK).
