ETFs
Bosera HashKey BTC and ETH ETFs Dominate Asian Markets
Hong Kong and its two champions of virtual asset ETFs
HONG KONG, July 4, 2024 /PRNewswire/ — Yesterday, Bosera HashKey virtual asset ETFs achieved a historic breakthrough, with total assets under management (AUM) exceeding US$110 million for the first time. 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, Bosera HashKey Bitcoin ETF (3008.HK) has also achieved impressive growth, with a management scale exceeding US$90 million. This growth has brought the total AUM of Bosera HashKey virtual asset ETFs to a record high, cementing their leading position in the Asian market.
Since 2015, HashKey’s founding team has been deeply involved in the global blockchain and cryptocurrency ecosystem. As one of the few forward-thinking institutional investors in the world, HashKey not only funded the Ethereum Foundation in its early days, but also helped the Ethereum ecosystem flourish in the Asia-Pacific region. As one of the earliest institutional investors in Ethereum, HashKey has gained a significant early mover advantage in the convergence of traditional finance and Web3.
HashKey Capital, a subsidiary of HashKey Group, was officially established in 2018. With a focus on regulation and compliance, it has quickly become one of the leading venture capital funds in Asia. HashKey Capital has implemented a global strategy to promote resource sharing and local ecosystem development, making significant contributions to the advancement of global blockchain technology, industry development, and community evolution.
In 2022, HashKey Capital successfully raised a $500 million Venture Capital Fund III, injecting new vitality into the Web3 community. Over the past six years, through investment and research, the company has invested in more than 600 blockchain projects, promoting 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 worlds of crypto and traditional finance. In 2022, HashKey Capital Limited received a Type 9 license upgrade in Hong Kong, and in 2023, HashKey Capital Singapore Pte Ltd was granted the Capital Markets Services License 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 company to offer both crypto asset management and advisory services to professional and retail investors. Pending future regulatory approvals, HashKey Capital intends to expand its business lines to market and distribute private funds and derivatives related to virtual assets 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 full suite of products 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), which it successfully listed on the Hong Kong Stock Exchange. This successfully introduced crypto assets to the traditional financial market.
The success of crypto asset spot ETFs is inseparable from the ecosystem that continuously strengthens them.
After 6 years of hard work, HashKey Capital has played a vital role in driving blockchain technology and crypto assets towards large-scale application and mainstream adoption. Along the way, it has established deep strategic partnerships with a diverse network of investors, including traditional financial institutions, sovereign wealth funds, multinational conglomerates, renowned family offices, and crypto-native investors. Leveraging deep insights into investor needs and cutting-edge knowledge of the Web3 industry, Bosera HashKey Virtual Asset ETFs have not only secured a solid position in a highly competitive market but also achieved steady growth in asset management scale. Amidst enhanced collaborative efforts and continuous market development, Bosera HashKey Virtual Asset ETFs will create more value for investors and play an increasingly important role in the global crypto asset space.
In the Bosera HashKey ETF ecosystem, Bosera International and HashKey Exchange, a subsidiary of HashKey Group, are the two key partners driving the product launch and market expansion. Bosera International, a veteran asset manager in Asia, provides a gateway for traditional investors to access virtual assets. Meanwhile, HashKey Exchange, Hong Kong’s first regulated virtual asset trading platform, provides the robust infrastructure needed for the trade execution and liquidity of Bosera HashKey ETFs.
Moreover, the flourishing 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 advice and insights to the industry on the development of regulatory compliance for virtual asset ETFs.
HashKey Capital remains committed to driving financial innovation and enabling Web3 compliance. We will expand investors’ access to diverse investment opportunities while further integrating the Web3 ecosystem into traditional financial markets, with the goal of broader adoption and recognition.
About HashKey Capital
HashKey Capital is a global leader in digital assets and blockchain that helps institutions, founders and talent advance the blockchain industry.
As one of the largest crypto fund managers and the first institutional investor in Ethereum, HashKey Capital has managed over $1 billion in client assets since its inception. Leveraging its unmatched expertise, HashKey Capital’s venture investment 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 side, HashKey Capital manages a range 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 of the blockchain ecosystem, HashKey Capital has built a strong network connecting founders, investors, developers and regulators.
SOURCE HashKey Capital