Southern East England Bitcoin Futures ETF AUM surpasses $100 million

According to data disclosed by Reuters, the asset management scale of the Southern Eastern Bitcoin Futures Exchange Traded Fund (ETF) listed on the Hong Kong Stock Exchange has just exceeded 100 million US dollars. The data shows that the demand for Southern Eastern Bitcoin Futures ETF surged in February this year. Alessandro Zhu, Deputy Director of Fixed Income at Southern Eastern Asset Management Company and responsible for encrypted products, stated that the approval and launch of US spot Bitcoin ETFs this year stimulated investor demand as they believe that Bitcoin's limited supply will drive up prices. Kennix Chan, Executive Director of Victory Securities, said: "In recent months, the Securities and Futures Commission of Hong Kong has received a large number of applications for (spot Bitcoin ETFs), showing positive signs for Hong Kong's Bitcoin ETF."