Southern Star East Asia launches the first batch of Bitcoin Futures ETF and Ethereum Futures ETF in Asia, set to debut on the Hong Kong Stock Exchange on December 16th.

According to Securities Times, E Fund Management (Hong Kong) Co., Limited has launched the first batch of virtual asset ETFs in Asia: E Fund Bitcoin Futures ETF (3066.HK) and E Fund Ethereum Futures ETF (3068.HK). The ETFs were open for subscription from December 13th to 14th and are scheduled to be officially listed and traded on the Hong Kong Stock Exchange on December 16th.

According to Securities Times, Southern Eastern Asset Management Limited has launched the first batch of virtual asset ETFs in Asia: Southern Eastern Bitcoin Futures ETF (3066.HK) and Southern Eastern Ethereum Futures ETF (3068.HK). The ETFs were open for subscription from December 13th to 14th and are scheduled to be officially listed and traded on the Hong Kong Stock Exchange on December 16th.

The virtual asset ETFs introduced by Southern Eastern do not directly invest in virtual assets, but rather adopt an active investment strategy by primarily investing in Bitcoin futures and Ethereum futures on the CME to achieve long-term capital growth. The initial batch of virtual asset futures ETFs issued this time is exclusively available for online subscription through Huasheng Securities. The unit price of each ETF is approximately 7.8 Hong Kong dollars, with a minimum investment threshold of around 780 Hong Kong dollars. The management fee is 1.99% per year, and the expected annual total expense ratio is 2%.

The Hong Kong Stock Exchange has announced in a notice that the margin rate for trading virtual asset futures exchange-traded funds (ETFs) will be set at 30%, while the margin rate for other instruments will remain unchanged at 12%.

(This article is authorized reprint from Foresight News, Foresight News is a Chinese content platform in the Web3 vertical field, upholding the basic principles of "objectivity and neutrality," dedicated to creating a Chinese gateway to the Web3 world.)

Additional information: Southern Eastern Bitcoin Futures Announcement