{"id":12418,"date":"2024-02-16T09:30:37","date_gmt":"2024-02-16T09:30:37","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12418"},"modified":"2024-02-16T08:43:53","modified_gmt":"2024-02-16T08:43:53","slug":"hong-kongs-bitcoin-future-etfs-shows-remarkable-performance","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hong-kongs-bitcoin-future-etfs-shows-remarkable-performance\/","title":{"rendered":"Hong Kong&#8217;s Bitcoin Future ETF&#8217;s Shows Remarkable Performance"},"content":{"rendered":"<p>Following the Lunar New Year break, Hong Kong&#8217;s stock market resumed trading on Wednesday, witnessing three crypto futures exchange-traded funds hitting new all-time highs as <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-rises-a-total-of-230-million-dollars-was-liquidated\/\">Bitcoin<\/a> soared above $52,000 on Thursday.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hong-kongs-bitcoin-future-etfs-shows-remarkable-performance\/#Hong_Kongs_Bitcoin_Future_ETFs_Showing_Strong_Performance\" title=\"Hong Kong&#8217;s Bitcoin Future ETF&#8217;s Showing Strong Performance\">Hong Kong&#8217;s Bitcoin Future ETF&#8217;s Showing Strong Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hong-kongs-bitcoin-future-etfs-shows-remarkable-performance\/#Spot_Crypto_ETF_Rush\" title=\"Spot Crypto ETF Rush\">Spot Crypto ETF Rush<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hong_Kongs_Bitcoin_Future_ETFs_Showing_Strong_Performance\"><\/span>Hong Kong&#8217;s Bitcoin Future ETF&#8217;s Showing Strong Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CSOP <a href=\"https:\/\/coinengineer.net\/blog\/genesis-receives-approval-to-sell-bitcoin-worth-1-3-billion\/\">Bitcoin<\/a> Futures ETF, the inaugural Bitcoin futures ETF in Hong Kong, closed up 3.56% on Thursday at HK$20.92 ($2.67), reaching an all-time high since its inception in December 2022. Similarly, the Samsung Bitcoin Futures Active ETF rose by 3.67% to HK$20.32 at Thursday&#8217;s close, while the CSOP Ether Futures ETF closed up 4.56% at HK$15.81, both achieving record highs. Concurrently, Hong Kong&#8217;s benchmark Hang Seng index concluded 0.41% higher.<\/p>\n<p>These ETF surges coincided with Bitcoin&#8217;s price climbing to approximately $52,800 on Thursday, according to The Block Price Page, while it was trading around $52,100 at 2:15 p.m. Hong Kong time on Friday.<\/p>\n<p>Additionally, blockchain- and crypto-related stocks in Hong Kong witnessed notable gains on Thursday. Sinohope Technology Holdings Ltd., previously known as Huobi Technology or New Huo Technology, observed a 26% surge in its stock, while the stock of crypto trading platform OSL closed 12.6% higher.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Spot_Crypto_ETF_Rush\"><\/span>Spot Crypto ETF Rush<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Several Hong Kong companies have announced intentions to file spot crypto ETF applications this year following regional regulators&#8217; readiness to accept such applications.<\/p>\n<p>Venture Smart Financial Holdings, a financial services firm, aims to introduce its spot Bitcoin ETF in Q1 and a spot Ether ETF in the second quarter. Additionally, the Hong Kong arm of major Chinese asset manager Harvest Fund reportedly submitted an application for a spot Bitcoin ETF in January.<\/p>\n<p>Livio Weng, CEO of HashKey Exchange, stated last month that approximately ten fund companies, including those with Chinese capital backing, have begun exploring the launch of potential spot crypto ETFs in the city.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube,<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the Lunar New Year break, Hong Kong&#8217;s stock market resumed trading on Wednesday, witnessing three crypto futures exchange-traded funds hitting new all-time highs as Bitcoin soared above $52,000 on Thursday. Hong Kong&#8217;s Bitcoin Future ETF&#8217;s Showing Strong Performance The CSOP Bitcoin Futures ETF, the inaugural Bitcoin futures ETF in Hong Kong, closed up 3.56%<\/p>\n","protected":false},"author":6,"featured_media":6591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,4412,60,3497,1469],"class_list":["post-12418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-rtf","tag-btc","tag-btc-etf","tag-hong-kong"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong&#039;s Bitcoin Future ETF&#039;s Shows Remarkable Performance - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Hong Kong&#039;s Bitcoin future ETF&#039;s shows remarkable performance during Bitcoin&#039;s rise. 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