Ed Financial becomes the first brokerage firm to participate in Ethereum spot ETF in Hong Kong
The Hong Kong Securities and Futures Commission recently conditionally and in principle approved CSOP Asset Management and Huobi Asset Management to launch the world's first Ethereum spot trading exchange-traded fund (ETF) and Asia's first Bitcoin spot trading ETF, respectively. ED Securities Futures, a subsidiary of ED Financial, was appointed as one of the three participating securities dealers of the ETF. ED Securities Futures also received approval from the Hong Kong Securities and Futures Commission to upgrade its Type 1 regulated activity (securities trading) business license, expand its virtual asset trading services, and provide virtual asset trading and product distribution services to retail investors. The Bitcoin and Ethereum spot ETFs under CSOP Asset Management are new products leading the international financial market. As one of the few participating securities dealers of the ETF, ED Securities Futures will assist in creating and redeeming ETF units.
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