HKEX: The total market value of 10 virtual asset ETPs in Hong Kong reached 5.5 billion HKD at the end of November

The Hong Kong Exchange stated that the Hong Kong ETP (Exchange Traded Products, including ETFs and leveraged and inverse products) market entered its 25th year this November, covering 195 products with a market value reaching HKD 463 billion at the end of November. The growth rate of the Hong Kong ETF market has increased over the past five years, with an average daily turnover compound annual growth rate as high as 30%, and an average daily turnover of HKD 18.7 billion in the first eleven months of this year. This April saw Asia's first batch of virtual asset spot ETFs, followed by Asia's first Bitcoin inverse product in July. There are currently ten virtual asset ETPs listed in Hong Kong, with a total market value reaching HKD 5.5 billion at the end of November. In terms of technology, The Hong Kong Exchange recently announced plans to digitize and automate ETF physical subscription and redemption mechanisms through online platforms by 2025 to enhance overall ETP market efficiency and promote continuous growth in secondary market activities.