Hong Kong's Dual Champions
of Virtual Asset ETFs
HONG KONG, July 5, 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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