The ETFs will invest in Bitcoin and Ether futures listed on the Chicago Mercantile Exchange to track the asset prices.
According to Tim McCourt, an executive at CME Group, the listing of the ETFs shows the"increasing client demand for exposure to Bitcoin and Ether." McCourt noted that the introduction of the funds may create new opportunities for institutional and retail investors.in an interview with mainstream media outlet Reuters that trading the ETF has more safeguards compared to trading tokens in unregulated platforms.
“As the ETFs do not invest in physical Bitcoin and are traded on regulated U.S. and Hong Kong exchanges, there are more regulatory safeguards for investors compared to tokens traded on unregulated platforms.” The executive also mentioned that the developments relating to the two crypto futures ETFs highlight that Hong Kong is still open-minded when it comes to the development of virtual assets despite the “liquidity issues” affecting some crypto platforms.
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