On April 30, Bosera Funds (International) Co., Ltd. (Bosera International) and HashKey Capital Limited announced that Bosera HashKey Bitcoin ETF and Bosera HashKey Ethereum ETF were officially listed on the Hong Kong Stock Exchange (HKEX), with Bosera International as the fund manager and HashKey Capital Limited as the deputy fund manager. It is reported that these will be the first batch of Bitcoin and Ethereum spot ETFs in Asia, and they will be successfully listed on HKEX with the stock codes of BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD).
The highlight of the two ETFs is the introduction of the first coin holding subscription and redemption mechanism, which allows investors to directly use Bitcoin and Ethereum to subscribe for ETF shares. Investors can directly subscribe to ETF shares with Bitcoin and Ethereum, and support cash redemption. At the same time, cash subscription of ETF shares also supports Bitcoin and Ethereum redemption. This innovative coin holding subscription and redemption mechanism helps investors realize the two-way circulation of virtual assets and traditional assets.
In addition, two ETFs track the CME CF Bitcoin Asia Pacific Reference Rate and the CME CF Ethereum US Dollar Asia Pacific Reference Rate respectively.
“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ethereum ETF is a sign that cryptocurrencies are gradually moving towards the mainstream,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide investors with a convenient investment channel, but also echo our commitment to promoting innovation in the virtual asset ecosystem.”
It is worth emphasizing that if Hong Kongs regulatory requirements (such as CDD/KYC requirements) are met, non-Hong Kong people can also easily purchase Bosera HashKey Bitcoin and Ethereum spot ETFs.
Bosera HashKey Bitcoin ETF and Bosera HashKey Ethereum ETF are now listed and traded on the Hong Kong Stock Exchange.
Note: The stock codes of BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) are now officially listed on the Hong Kong Stock Exchange (HKEX).
About HashKey Capital
HashKey Capital is a global asset management organization under HashKey Group that focuses on blockchain technology and digital assets and is dedicated to investing in blockchain technology and digital assets. Its current asset management scale exceeds US$1 billion.
As one of the largest and most influential blockchain investment institutions in Asia and also one of the earliest institutional investors in Ethereum, HashKey Capital plays a leading role in connecting Web2 and Web3, and works with entrepreneurs, investors, communities and regulators to build a sustainable blockchain ecosystem.
