Golden Finance reported that the Hong Kong Exchange said that the Hong Kong ETP (exchange-traded products, including ETFs and leveraged and inverse products) market entered its 25th anniversary in November this year, covering 195 products, with a market value of HK$463 billion at the end of November. The growth rate of the Hong Kong ETF market has increased in the past five years, with the average daily trading volume compound annual growth rate as high as 30%. In the first 11 months of this year, the average daily trading volume reached HK$18.7 billion. In April this year, Asia’s first virtual asset spot ETFs were ushered in, and in July, Asia’s first Bitcoin inverse product was ushered in. There are currently 10 virtual asset ETPs listed in Hong Kong, with a total market value reaching HK$5.5 billion at the end of November. In terms of technology, Hong Kong Exchanges and Clearing recently announced plans to digitize and automate the physical subscription and redemption mechanism of ETFs through its online platform in 2025 to improve the efficiency of the overall ETP market and promote the continued growth of its secondary market activities.