Pando Finance has launched a Bitcoin ETF on the Hong Kong Stock Exchange, highlighting the growing interest in regulated digital assets in the region.
Introduction
The Pando Bitcoin ETF, ticker 2818.HK, is now live on the Hong Kong Stock Exchange (HKEX). This event marks significant changes in the region towards embracing regulated digital asset products.
ETF Structure and Benefits
The Pando Bitcoin ETF is benchmarked against the CME CF Bitcoin Reference Rate – Asia Pacific Variant (BRRAP), ensuring adherence to institutional-grade pricing for the Asian market. Investors will gain exposure to Bitcoin through traditional financial products, with both cash and in-kind subscriptions, eliminating the need for wallets and keys.
Market and Competitive Landscape
The ETF is administered by BOCI-Prudential Trustee and uses OSL Custody as a sub-custodian, affirming its compliance with Hong Kong's regulatory framework. It operates in a competitive landscape alongside products like BlackRock’s iShares Bitcoin Trust, which has seen rising interest from investors in digital assets.
The launch of the Pando Bitcoin ETF in Hong Kong represents a significant step in the development of digital assets in Asia, offering investors new ways to engage with Bitcoin through regulated financial instruments.
