On December 3rd, the Hong Kong crypto market is going to make a big move.

Pando, a licensed asset management company, has just announced that their Ethereum ETF (code 3085.HK) will be listed on the Hong Kong Stock Exchange. This is not a synthetic ETF or a futures product; it directly purchases real ETH and holds it, truly genuine.

What is the most attractive thing? You can get in for just 850 HKD. Yes, you read that right, the design of 100 shares per lot has dropped the threshold to rock bottom prices. In the past, you had to open your wallet, manage private keys, and worry about exchanges running away, but now, as long as you have a Hong Kong stock account, buying ETH is as simple as buying Tencent stocks.

This product is linked to the CME CF Ether-Dollar Index's Asia-Pacific closing price, with price tracking based on solid grounds. More flexibly, it supports a dual-track approach — you can subscribe and redeem with Hong Kong Dollar cash, or you can directly use physical ETH for entry and exit, accommodating both institutions and retail investors.

To be honest, after the Bitcoin ETF, Hong Kong has taken another step forward this time. This is not just about having an additional investment tool; it actually tells the market that there is a path to compliance, and the walls between traditional finance and the crypto world are slowly being dismantled.

If you want to buy after it goes public, just search for "3085.HK" directly in the brokerage app, and the operation is no different from regular stock trading. As for whether this will lead to more encryption ETFs being listed, we will have to wait and see.

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(The above is based on publicly available information and does not constitute investment advice.)