Interactive Brokers Adds Bitcoin, Ethereum ETP in Hong Kong



GREENWICH, Conn. – Global electronic brokerage Interactive Brokers (Nasdaq: ) today announced the launch of a Hong Kong spot and Ethereum exchange-traded product (ETP) for trading on the Hong Kong Stock Exchange. This development enables eligible Interactive Brokers Hong Kong clients to diversify their portfolios by trading these cryptocurrency ETPs alongside traditional financial instruments.

The newly launched ETPs track the spot prices of Bitcoin and Ethereum respectively, aiming to provide investors with cryptocurrency investment opportunities without directly owning the digital assets. These products are now available for trading through Interactive Brokers' platform, which offers a range of financial products including stocks, options, futures, currencies, bonds and funds.

David Friedland, Head of Asia Pacific at Interactive Brokers, said: “These simple products provide our clients with greater flexibility by allowing them to trade through the same brokerage account used to trade the various global products offered by Interactive Brokers. Managing Cryptocurrency Risks.

Spot Bitcoin and Ethereum ETP are listed on the Hong Kong Stock Exchange with the following stock codes: Bosera/Haskey Bitcoin (3008, 9008), Huaxia Bitcoin (3042, 9042, 83042), Harvest Bitcoin (3439, 9439), Bosera/Haskey Ether (3009, 9009), Chinese Ether (3046, 9046, 83046) and Harvest Ether (3179, 9179).

Interactive Brokers encourages accredited investors to review each ETP's prospectus before engaging in trading activities. Launched from April 30, 2024, these ETPs mark a significant expansion of the range of products the brokerage offers to its clients.

Interactive Brokers Group has a long history of providing complex trading and investing solutions. The company emphasizes technology and automation to provide clients with efficient trade execution and portfolio management tools. The strategy has received recognition, including being ranked No. 1 in Barron's Reviews' Top Online Brokers six years in a row.

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This announcement is based on a press release from Interactive Brokers Group, Inc.

Investment Professional Insights

As Interactive Brokers (NASDAQ: IBKR ) expands its portfolio offerings with the launch of a cryptocurrency ETP in Hong Kong, the company's financials and market performance provide valuable insights for investors considering this new trading option insights. Interactive Brokers has a market value of US$49.15 billion and a price-to-earnings ratio of 19.68, showing a strong valuation in the market.

An analysis of the company's performance over the past 12 months ending in the first quarter of 2024 shows a commendable revenue growth of 28.41%, indicating healthy expansion of its business operations. Additionally, the company's gross margin during the period was unusually high at 90.5%, reflecting the efficiency of its business model and its ability to retain a majority of its revenue as profit.

InvestingPro Tips highlights that Interactive Brokers has maintained its dividend payments for 15 consecutive years, which may be a reassuring factor for income-focused investors. Additionally, not only was the company profitable last year, but it also trades on a low P/E ratio relative to its recent earnings growth, suggesting the market may be undervaluing it.

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