CSOP Asset Management, a capital market firm in Hong Kong, disclosed in an interview with Reuters that its exchange-traded product, the CSOP Bitcoin Futures ETF (3066.HK), has witnessed a surge in assets under management (AUM) over the past five months.
The ETF’s Assets Under Management (AUM) has soared five-fold to over $100 million.
Rising Trading Volumes and AUM
Regarding trading volumes, the CSOP Bitcoin Futures ETF has increased in average daily turnover, reaching $2.8 million this year compared to $0.97 million last year.
The growth in AUM is not limited to Bitcoin alone; the CSOP Ether Futures ETF (3068.HK) has also experienced a surge in AUM, doubling over this year.
As noted by Alessandro Zhu, Deputy Head of Fixed Income at CSOP Asset Management, the surge in demand has primarily been driven by various factors. These include the recent approval and launch of spot Bitcoin ETFs in the U.S., which have sparked investor enthusiasm due to the perceived potential for further price
We współpracy z: https://cryptopotato.com/hong-kongs-csop-bitcoin-futures-etf-sees-5-fold-surge-in-assets-amid-btc-rally/
