Hang Seng Gold ETF rose 9% on its debut to close at HK$17.44

Techub News reported that the Hang Seng Gold ETF was officially listed on the Hong Kong Stock Exchange today under the stock code "03170". The fund closed at HK$17.44, representing an intraday increase of approximately 9% from its listing price.

As previously reported by Techub News, Hang Seng Investment planned to issue the "Hang Seng Gold ETF", which was expected to list on the Stock Exchange on January 29. This ETF holds physical gold, with the related gold bars stored in designated vaults in Hong Kong. Furthermore, the ETF also plans to establish tokenized non-listed fund unit classes. HSBC will serve as the tokenization agent, initially intending to use Ethereum as the primary blockchain, with potential future expansion to other public blockchains possessing equivalent security and distributed ledger technology.