China AMC BTC And ETH ETFs Getting Positive Acceptance In HKEX

CoinMarketCap05-01

With the opening of ETF products backed on ETH and BTC on the Hong Kong Stock Exchange, the popular asset management firm, ChinaAMC (HK) listed its ETF products on Ethereum and Bitcoin on April 30. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina AMC BTC And ETH ETFs Getting Positive Acceptance In HKEX\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 02:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/663139c99b87b82ac69d0bf2/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the opening of ETF products backed on ETH and BTC on the Hong Kong Stock Exchange, the popular asset management firm, ChinaAMC (HK) listed its ETF products on Ethereum and Bitcoin on April 30. \n...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/663139c99b87b82ac69d0bf2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/663139c99b87b82ac69d0bf2/","article_id":"2432838105","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/50848a4e553f4b1a85f05a2d2e46fdd4.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432838105","pubTimestamp":1714502087,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"With the opening of ETF products backed on ETH and BTC on the Hong Kong Stock Exchange, the popular asset management firm, ChinaAMC (HK) listed its ETF products on Ethereum and Bitcoin on Apr","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","AMC":"AMC院线","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4550":"红杉资本持仓","BK4588":"碎股","FDN":"First Trust Dow Jones Internet I"},"translate_title":"中国AMC BTC及ETH ETF在港交所获得正面认可","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1,"BTC":1,"FDN":0.9},"content_text":"With the opening of ETF products backed on ETH and BTC on the Hong Kong Stock Exchange, the popular asset management firm, ChinaAMC (HK) listed its ETF products on Ethereum and Bitcoin on April 30. \nChina Asset Management Limited’s Hong Kong (ChinaAMC (HK)) subsidiary, which was established in 2008, is a leading and most popular Chinese asset manager in Hong Kong. ChinaAMC (HK) is the fully owned subsidiary of China Asset Management Co. Limited. The parent company is one of the most trusted asset managers and largest ETF provider in Mainland China.\nAs of December 31, 2023, the company had more than $300 Billion in assets under management. With the successful functioning of their ETF products in Mainland China. The Hong Kong subsidiary has launched ETF products in the country as BTC and ETH got approval for spot Bitcoin and Ethereum ETFs in Hong Kong.\nOn April 29, China Asset Management (Hong Kong) announced the launch of its two crypto backed ETF products in Hong Kong, namely the ChinaAMC Bitcoin ETF with Stock Code: 3042.HK/9042.HK/83042.HK and the ChinaAMC Ether ETF with stock Code: 3046.HK/9046.HK/83046.HK. Both of these ETF products will get listed on Hong Kong stock exchange starting from April 30, 2024.\nObjectives Of BTC And ETH ETF\nThe Bitcoin and Ether ETF will track the performance of the two most popular crypto currencies, Bitcoin and Ether. This tracking will be similar as measured by the performance of the CME CF Bitcoin Reference Rate (APAC variant) and the EME CF Ether-Dollar Reference Rate (APAC variant), respectively, before charging fees and expenses.\nProduct Overview\n\n\n\n\n\n\n\n   Source: chinaamc.com\n  \n\n\nBoth of these instruments will charge a management fee of 0.99% annually.\nChinaAMC Ethereum ETF\nChinaAMC ETH ETF has been listed on Hong Kong Stock Exchange (HKEX) with the ticker CAM ETH (3046), opened trading today at HK$ 7.950 and previously closed at HK$ 7.830 (off the market). However, at the time of writing, it was trading at HK$ 7.770, 0.77% down from the open. The intraday price range for the ETF is HK$ 7.770 and HK$ 7.985. It has a volume of 1.60 Million and a turnover of HK$12.66 Million.\nAt the same time, it offered a trading spread of 140 basis points (bps).\n\n\n\n   Source: hkex.com\n  \n\n\nLooking at the above trendline, the ETF followed a declining trend in the very first trading session. The steepness of the graph can suggest a further decrease in the prices.\nChinaAMC Bitcoin ETF\nThe Bitcoin based ETF of ChinaAMC has been listed on the Hong Kong Stock Exchange with the ticker CAM BTC (3042) and has opened its trading window at a price of HK$ 8.080 on April 30, while the previous off-market session closed at HK$ 7.830. It has been trading in the range of HK$ 7.920 and HK$ 8.130 for the day.\nAt the time of writing, it was trading at HK$7.950, experiencing an increase of 1.53%. It has a narrow bid-ask spread of just 60 bps. The trading volume stands at 4.63 Million and the turnover is HK$ 37.16 Million. \n\n\n\n   Source: hkex.com\n  \n\n\nThis is also following a declining trend but with a lower slope; that is, it is observing a comparatively flatter price trend confirmed by the increase in the prices so it can revert the graph in the near term.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432838105"}