2024-08-30-港交所-ＦＡ南方比特币_截至二零二四年六月三十日止的未经审核中期报告_19页_450kb

Fund Overview: CSOP Bitcoin Futures ETF is a sub-fund of the CSOP ETF Series, established in Hong Kong and launched on December 15, 2022. It invests primarily in CME Bitcoin Futures with an active strategy, aiming for long-term capital growth. The unlisted class was introduced on May 31, 2024. As of June 28, 2024, it has a dealing NAV of $2.9171 per unit for listed class and $8.7889 for unlisted class A, with total assets around $55.1 million.

Performance: The fund achieved a 32.83% increase in NAV from inception to June 28, 2024. The unlisted class A saw a -12.11% return from May 31 to June 28, 2024.

Financial Highlights: Unaudited condensed financials show assets of $56.56 million as of June 30, 2024, with revenues driven by investment gains. Key expenses include management fees and transaction costs. The fund operates under HKFRS and focuses on fair value measurements for investments.

Investment Strategy: It emphasizes rolling CME Bitcoin Futures based on liquidity and market conditions. Investments are classified as fair value through profit or loss, with a mix of futures contracts and listed funds. As of June 30, 2024, the portfolio includes specific futures positions, with the highest NAV per unit recorded in December 2023 as $2.1958.

Key Notes: No holdings exceeded 10% of NAV as per SFC Code. Taxes are deducted, and the fund reports unaudited data for 2024.