Ether ETF Launches on Hong Kong Stock Exchange

Pandu, a licensed virtual asset management firm, has announced the launch of its Ether-backed exchange-traded fund (ETF) on the Hong Kong Stock Exchange. Set to commence trading on December 3rd under the stock code 3085.HK, the ETF will directly hold Ether and be benchmarked against the CME CF Ether-Dollar Reference Rate (Asia Pacific closing price). Hong Kong investors can access the new fund via their existing securities accounts with options for either cash or physical redemption methods. Each trading unit comprises 100 shares, requiring a minimum subscription of HK$850.