CSOP Bitcoin ETF Receives An Investment Of $54 Million

The first bitcoin ETF and ether ETF will be listed on the Hong Kong Stock Exchange on Friday by CSOP Asset Management, a China Southern Asset Management affiliate.

According to the statement, CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF will track the CME’s bitcoin and ether futures. The initial investments in the CSOP bitcoin and ether ETFs totaled more than $74 million, wherein $54 million in Bitcoin, and $20 million in Ether, leading to a rally from the decline in cryptocurrency values and the effects of the high-profile of FTX failures and others.

The approval of two new ETFs based on CME Bitcoin and Ether futures marks an important milestone for the digital asset ecosystem in Asia.

said Tim McCourt, global head of equity and FX products at CME

Crypto-focused ETFs have recently come under increased scrutiny, despite the thereof fact that these products have raised significant investments. As Coincu reported last month, the businesses behind the Cosmos Purpose Ethereum Access ETF, Cosmos Purpose Bitcoin Access ETF, and Cosmos Global Digital Miners Access ETF filed a request to remove their quotes on Cboe Australia.

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