Chinese asset manager CSOP has launched its Bitcoin Futures ETF in Hong Kong. The firm’s flagship crypto fund will be listed on the Hong Kong Stock Exchange, making it the first virtual assets futures ETF in the Asian market. The fund will offer exposure to bitcoin and ether via futures contracts trading on the Chicago Mercantile Exchange (CME). According to the CME’s global head of equity and FX products, Tim McCourt, the ETF listing “marks an important milestone for Asia’s digital assets ecosystem”. It comes just weeks after the Securities and Futures Commission gave the go-ahead for crypto asset investment products to be sold to retail investors. Other asset managers in the region, such as Samsung Asset Management and Mirae Asset Global Investments, are also set to list their own crypto ETFs following the regulator’s decision. ©2022 funds global asia