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Hong Kong Exchanges Lists First Bitcoin ETF Amid Cryptocurrency Bull Run.
ByAinvest
Friday, Jul 18, 2025 2:11 am ET1min read
Hong Kong has listed its first bitcoin ETF, Pando Finance, on the Hong Kong Stock Exchange's main board. The ETF, which tracks the Bitcoin Reference Rate by Chicago's CME CF Cryptocurrency Benchmarks, rose 2.3% in its debut. The listing comes amid a cryptocurrency bull run and regulatory support for the sector.
Hong Kong has taken a significant step in the cryptocurrency market by listing its first Bitcoin exchange-traded fund (ETF) on the Hong Kong Stock Exchange's main board. The ETF, managed by Pando Finance, made its debut on July 18, 2025, and rose by 2.3% on its first day of trading. This development comes amidst a robust cryptocurrency bull run, driven by increasing regulatory support for the sector [1].The Pando Bitcoin ETF (02818.HK) tracks the Bitcoin Reference Rate by Chicago's CME CF Cryptocurrency Benchmarks, ensuring it closely replicates the price movements of Bitcoin. This ETF offers local investors a streamlined pathway to gain exposure to the Bitcoin market through familiar securities accounts. The ETF is designed to be flexible, allowing investors to engage with it using either cash or physical redemption methods [2].
Pando Finance, the licensed virtual asset manager behind the ETF, holds multiple regulatory licenses from the Hong Kong Securities and Futures Commission, including Type 1, Type 4, and Type 9. These licenses underscore the company's compliance and capability in delivering digital asset investment solutions. Leveraging expertise in Web3 technologies and venture capital, Pando has established a robust digital asset ecosystem, positioning itself as a key player in the evolving crypto financial landscape [2].
The listing of the Pando Bitcoin ETF marks a significant milestone for Hong Kong's financial sector, providing investors with a new avenue to participate in the cryptocurrency market. As the sector continues to grow and gain regulatory support, it is expected that more such ETFs will follow, further democratizing access to digital assets.
References:
[1] https://asia.nikkei.com/Spotlight/Cryptocurrencies/Hong-Kong-lists-first-bitcoin-ETF-in-2025-amid-cryptocurrency-bull-run
[2] https://en.coinotag.com/breakingnews/pandu-bitcoin-etf-to-debut-on-hong-kong-stock-exchange-offering-first-local-bitcoin-investment-channel-in-2024/
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