Hong Kong's Dual Champions
of Virtual Asset ETFs
HONG
KONG, July 4, 2024 /PRNewswire/ -- Yesterday,
the Bosera HashKey Virtual Asset ETFs achieved a historic
breakthrough, with their total assets under management (AUM)
surpassing US$110 million for the
first time. The Bosera HashKey Ether ETF (3009.HK) has maintained a
stable position with over 6,000 ETH since May 7, continuing to lead the market. Close
behind, the Bosera HashKey Bitcoin ETF (3008.HK) also
achieved impressive growth, with a management scale exceeding
US$90 million. This growth has driven
the total AUM of Bosera HashKey Virtual Asset ETFs to a record
high, solidifying their top position in the Asian market.
Since 2015, the HashKey founding team has been deeply involved
in the global blockchain and crypto ecosystem. As one
of the few forward-thinking institutional investors globally,
HashKey not only funded the Ethereum Foundation in its
early days but also helped the Ethereum ecosystem
flourish in the Asia-Pacific
region. Being one of the earliest institutional investors in
Ethereum, HashKey has gained a significant first-mover
advantage in the convergence of traditional finance and Web3.
HashKey Capital, a part of HashKey Group, was formally
established in 2018. With a strong emphasis on regulation and
compliance, it rapidly rose to become a leading venture capital
fund in Asia. HashKey Capital has
implemented a global strategy to promote resource sharing and local
ecosystem development, significantly contributing to the
advancement of global blockchain technology, industry development,
and community evolution.
During the bear market of 2022, HashKey Capital successfully
raised a US$500 million VC fund III,
injecting new vitality into the Web3 community. Over the past six
years, driven by investment and research, the company has invested
in over 600 blockchain projects, fostering the growth of the global
blockchain ecosystem.
HashKey Capital has also set new standards for compliance within
the Web3 industry, acting as a bridge between the
crypto and traditional finance worlds. In 2022,
HashKey Capital Limited received a Type 9 licence uplift in
Hong Kong, and in 2023, HashKey
Capital Singapore Pte Ltd obtained the Capital Markets Services
licence for Fund Management in Singapore. This was followed by an upgrade of
HashKey Capital Limited's Type 9 license in Hong Kong and the approval of the Type 4
license this year, making HashKey Capital the first firm to offer
both crypto asset management and advisory services to
both professional and retail investors. Pending future regulatory
approvals, HashKey Capital intends to expand its business lines to
market and distribute virtual asset-related private funds and
derivatives to professional investors.
In terms of secondary market product development, HashKey
Capital launched its first actively managed virtual asset liquid
fund in September 2023, marking the
emergence of a comprehensive product suite in Web3 asset
management. In January 2024, the
company released three major indices in collaboration with FTSE
Russell, a leading global provider of index and benchmark
solutions, to track global digital assets. Continuing this momentum, in April 2024, HashKey Capital partnered with Bosera
International to launch the Bosera HashKey Bitcoin ETF (3008.HK)
and Ether ETF (3009.HK), successfully listing them on the Hong Kong
Stock Exchange. This successfully brought crypto assets into the
mainstream financial market.
The success of crypto asset spot ETFs is
inseparable from the ecosystem that continuously empowers them.
After 6 years of dedicated efforts, HashKey Capital has played a
pivotal role in driving blockchain technology and
crypto assets towards large-scale application and
mainstream adoption. Throughout this journey, it has established
deep strategic partnerships with a diverse network of investors,
including traditional financial institutions, sovereign funds,
multinational conglomerates, renowned family offices, and
crypto-native investors. By leveraging profound
insights into investor needs and cutting-edge knowledge of the Web3
industry, the Bosera HashKey Virtual Asset ETFs have not only
secured a firm foothold in a highly competitive market but also
achieved steady growth in asset management scale. Amidst stronger
collaborative efforts and continuous market development, the Bosera
HashKey Virtual Asset ETFs will create more value for investors and
play an increasingly significant role in the global
crypto asset space.
In the Bosera HashKey ETF ecosystem, Bosera International and
HashKey Exchange, a subsidiary of HashKey Group, serve as the two
pivotal partners driving the product's launch and market expansion.
Bosera International, a veteran in asset management in Asia, offers traditional investors a gateway
to access virtual assets. Meanwhile, HashKey Exchange, Hong Kong's first regulated virtual asset
trading platform, provides robust infrastructure necessary for
trade execution and liquidity of the Bosera HashKey ETFs.
Moreover, the thriving development of ETFs is driven by the
active participation of regulators and industry leaders. The Hong
Kong Exchanges and Clearing Limited (HKEX), the Securities and
Futures Commission (SFC) and Hong Kong Legislative Council members,
Duncan Chiu and Johnny Ng have provided invaluable guidance and
insight to the industry on the development of regulatory compliance
for virtual asset ETFs.
Looking ahead, HashKey Capital remains committed to driving
financial innovation and fostering Web3 compliance. We will expand
investor access to diverse investment opportunities while
integrating the Web3 ecosystem more deeply into mainstream
financial markets, aiming for broader adoption and recognition.
About HashKey Capital
HashKey Capital is a global digital asset and blockchain leader
helping institutions, founders and talents advance the blockchain
industry.
As one of the largest crypto fund managers and
being the earliest corporate investor in Ethereum,
HashKey Capital has managed over US$1
billion in client assets since its inception. Leveraging its
unparalleled expertise, HashKey Capital's venture investments team
oversees a diversified portfolio of over 600 pioneering projects
across institutional services, infrastructure, data, AI, consumer
services/ technology and more.
On the liquid funds front, HashKey
Capital manages a suite of digital asset products, including an
actively managed fund and the Bosera HashKey Bitcoin (3008.HK) and
Ether (3009.HK) spot ETFs, which are listed on the Hong Kong Stock
Exchange (HKEX).
With our deep knowledge across the blockchain ecosystem, HashKey
Capital has built a robust network connecting founders, investors,
developers, and regulators.
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SOURCE HashKey Capital