BoShi HashKey Bitcoin and Ethereum ETFs jointly top the Asian market
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BoShi HashKey Bitcoin and Ethereum ETFs jointly top the Asian market
The Champion's Journey of Hong Kong's Dual-Crown Virtual Asset ETF
Navigating Web3 tides with focused insightsHong Kong, July 5, 2024 – Yesterday, Bosera HashKey Virtual Asset ETF achieved a historic milestone, with total assets under management surpassing USD 110 million for the first time. Among them, the Bosera HashKey Ether ETF (HK.3009) has demonstrated clear leadership, maintaining holdings of over 6,000 ETH since May 7 and consistently leading the market. Following closely behind, the Bosera HashKey Bitcoin ETF (HK.3008) also surpassed the USD 90 million mark yesterday, collectively driving the total AUM of Bosera HashKey’s virtual asset ETFs to a record high and solidifying its position at the top in Asia.
Since 2015, HashKey's founding team has been deeply involved in building the global blockchain and crypto ecosystem. As one of the few forward-thinking institutional investors globally, HashKey not only provided early funding to the Ethereum Foundation but also supported the flourishing development of the Ethereum ecosystem across the Asia-Pacific region. As one of the earliest institutional investors in Ethereum, HashKey has gained significant first-mover advantages amid the convergence of traditional finance and Web3.
In 2018, HashKey Capital, a subsidiary of HashKey Group, was officially established, embracing institutionalization and compliance. It quickly emerged as a leading venture capital fund in Asia. Adhering to a global deployment strategy, HashKey Capital promotes industrial resource mobility and local ecosystem development, making significant contributions to the advancement of global blockchain technology, industry upgrading, and community evolution. During the 2022 industry downturn, HashKey Capital successfully raised a USD 500 million third-phase VC fund, injecting fresh momentum into the Web3 community. Over the past six years, driven by dual engines of investment and research, HashKey Capital has cumulatively invested in more than 600 blockchain projects, playing a vital role in advancing the global blockchain ecosystem.
As a bridge between the crypto world and traditional finance, HashKey Capital continues to set new benchmarks for compliance in the Web3 industry. In 2022, HashKey Capital Limited upgraded its Hong Kong Type 9 asset management virtual asset license. In 2023, HashKey Capital Singapore Pte. Ltd. obtained the Capital Markets Services asset management license in Singapore. This year, HashKey Capital Limited further upgraded to Hong Kong’s Type 9 retail asset management license and secured a Type 4 investment advisory license, enabling it to offer virtual asset management and advisory services to both professional and retail investors. Subject to future regulatory approvals, HashKey Capital plans to expand its business lines to include private fund offerings and derivatives distribution related to virtual assets for qualified investors.
On the secondary market product front, in September 2023, HashKey Capital launched its first actively managed liquid virtual asset fund, marking the emergence of its product footprint in the Web3 asset management space. In January 2024, HashKey Capital partnered with FTSE Russell, a global leader in index solutions, to launch three major indices tracking global digital assets. In April 2024, HashKey Capital teamed up with Bosera International to launch the Bosera HashKey Bitcoin ETF (HK.3008) and Ether ETF (HK.3009), which were successfully listed on the Hong Kong Stock Exchange, bringing virtual assets onto the stage of mainstream financial markets.
The success of spot virtual asset ETFs is inseparable from the empowering ecosystem that supports them. After six years of relentless effort, HashKey Capital has forged deep strategic partnerships with networks of traditional financial institutions, sovereign funds, internet companies, prominent family offices, and crypto-native investors, while continuously advancing blockchain technology and virtual assets toward mass adoption and mainstream markets. Through profound insights into investor needs and cutting-edge understanding of the Web3 industry, the Bosera HashKey Virtual Asset ETFs have not only secured a strong foothold in an intensely competitive early market but also achieved steady growth in assets under management. With deepening collaborations and ongoing market expansion, the Bosera HashKey Virtual Asset ETFs are poised to generate greater value for investors and play an increasingly important role in the global virtual asset landscape.
Within the Bosera HashKey ETF ecosystem, Bosera International and HashKey Exchange—under HashKey Group—serve as two pivotal partners, jointly driving product realization and market expansion. As an experienced public fund management institution, Bosera International provides traditional investors with access points and channels to enter the virtual asset space. Meanwhile, HashKey Exchange, as Hong Kong’s first licensed virtual asset trading platform, offers robust infrastructure for ETF trade execution and liquidity provision.
Moreover, the thriving development of virtual asset ETFs has also benefited greatly from active participation and support by regulators and industry leaders. The Hong Kong Exchanges and Clearing (HKEX), the Securities and Futures Commission (SFC), Hong Kong Legislative Council members Honorable Tak-Gen Yiu and Dr. Alex Ng, among others, have provided invaluable guidance and recommendations for the compliant growth of the virtual asset ETF industry.
Looking ahead, HashKey Capital will continue to drive financial innovation and promote compliant development in the Web3 space, offering investors more diversified investment options, and supporting the deeper integration of the Web3 ecosystem into mainstream financial markets, achieving broader application and recognition.
About HashKey Capital
HashKey Capital is a globally influential digital asset management firm at the forefront of digital assets and blockchain technology, committed to collaborating with institutions, founders, and talent to advance the long-term development of the blockchain industry.
As one of the largest cryptocurrency funds and one of the earliest investors in Ethereum, HashKey Capital has grown to manage over USD 1 billion in total assets since inception. Leveraging exceptional expertise and deep market insights, HashKey Capital now manages a diversified portfolio comprising over 600 leading projects across institutional services, infrastructure, data, artificial intelligence, consumer tech/services, and other sectors.
Additionally, HashKey Capital has successfully launched a series of secondary-market fund products, including one actively managed fund, three virtual asset indices developed in partnership with FTSE Russell, and spot ETFs listed on the Hong Kong Stock Exchange (HKEX): Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK).
With profound understanding of the blockchain ecosystem, HashKey Capital has built a powerful network connecting founders, investors, developers, and regulators.
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