If the Hong Kong spot virtual asset ETF is sold at a premium, it can be exchanged for Hong Kong dollars on the Hong Kong Stock Exchange floor
2024-04-26 05:33:11
At present, there are only a few Hong Kong brokers (PD/distributors) that can subscribe to Hong Kong Bitcoin ETFs through new methods. After the ETFs are officially listed on the Hong Kong Stock Exchange, all hundreds of Hong Kong brokers and banks can buy them. The approved virtual asset ETFs follow the performance of the CME Group CF Bitcoin Index (Asia Pacific closing price), so the profit and loss risk of cash subscription to Bitcoin ETFs is basically the same as that of direct purchase of Bitcoin. Since there is a fixed exchange ratio between Bitcoin and Bitcoin ETFs, if physical subscription is used in the IOP stage, that is, Bitcoin is used to subscribe to Bitcoin ETFs. If the relevant ETFs are sold at a premium after listing, they can be exchanged for Hong Kong dollars on the Hong Kong Stock Exchange, and then bought back Bitcoin at the same time to earn the OTC price difference. (Caihua Society)
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