Pandy Bitcoin ETF Surges Over 13% on Hong Kong Debut with Plans for Innovative Ethereum Staking ETF
2025-07-19 12:58:52
Main Idea
The Pandy Bitcoin ETF debuted on the Hong Kong Stock Exchange with a significant intraday surge and plans for a spot Ethereum ETF, signaling expansion in crypto investment products.
Key Points
1. The Pandy Bitcoin ETF (2818) started trading on the Hong Kong Stock Exchange, surging over 13% intraday and closing at 7.98 HKD with a 1.64% daily gain.
2. Pandy's CEO, Ren Junfei, announced plans to introduce a spot Ethereum ETF with features beyond traditional spot holdings.
3. The current Pandy Bitcoin ETF is a passive fund directly holding Bitcoin, with an initial listing price near 7.8512 HKD per unit and a 1% management fee.
4. BOCI Prudential Trustee is involved in the ETF's operations.
Description
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