Cryptocurrency Exchange Traded Funds (ETFs) have been issued by three Chinese companies: Bosera Asset Management, China Asset Management and Harvest Global Investments, all on the Hong Kong exchange.
These are the first ETFs to be issued in Asia.
ETFs enable investors to gain exposure to the price movements of the underlying assets without direct ownership.
In January 2024, the U.S. Securities and Exchange Commission (SEC) approved the creation of Bitcoin ETFs in the U.S., although an ether ETF has not yet been approved.