Both Bosera HashKey Bitcoin ETF and Ethereum ETF Lead the Asian Market

Yesterday, Bosera HashKey Virtual Asset ETF achieved a historic breakthrough with total assets under management surpassing $110 million. Among them, Bosera HashKey Ethereum ETF (HK.3009) has obvious advantages, with open interest consistently above 6,000 ETH since May 7th, leading the market. Following closely behind, Bosera HashKey Bitcoin ETF (HK.3008) also achieved a turnaround yesterday, with assets under management exceeding $90 million, jointly driving the total scale of Bosera HashKey Virtual Asset ETF to a new historical high, currently ranking first in Asia.

Since 2015, the HashKey founding team has been deeply involved in the construction of the global blockchain and encryption ecosystem. As one of the few visionary institutional investors in the world, HashKey has not only provided early funding to the Ethereum Foundation, but also supported the thriving development of the Ethereum ecosystem in the Asia-Pacific region. As one of the earliest institutional investors in Ethereum, HashKey has accumulated significant first-mover advantage in the wave of convergence between traditional finance and Web3.

In 2018, HashKey Capital, a subsidiary of HashKey Group, was formally established. Adhering to the principles of institutionalization and compliance, it quickly rose to become a leading venture capital fund in Asia. HashKey Capital adheres to a global layout strategy, promoting the flow of industrial resources and local ecological construction, and has made significant contributions to the development, upgrading, and iteration of global blockchain technology communities. During the industry downturn in 2022, HashKey Capital successfully raised a third round of VC fund with a total of $500 million, injecting new vitality into the Web3 community. Over the past six years, driven by investment and research, HashKey Capital has invested in more than 600 blockchain projects, making significant contributions to the prosperous development of the global blockchain ecosystem.

As a bridge between the encryption world and traditional finance, HashKey Capital has also continuously set new benchmarks for the compliance of the Web3 industry. In 2022, HashKey Capital Limited completed the upgrade of the 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 has successively obtained the upgraded Type 9 asset management retail license and Type 4 investment advisor license in Hong Kong, and provides virtual asset management and consulting services to professional investors and retail investors. If approved by regulatory agencies in the future, HashKey Capital plans to expand its business lines and promote and distribute private equity funds and derivative tools related to virtual assets to qualified investors.

In terms of secondary market product layout, in September 2023, HashKey Capital launched the first actively managed virtual asset liquidity fund, marking its gradual emergence in the Web3 asset management field. In January 2024, HashKey Capital, in collaboration with FTSE Russell, one of the leaders in the global index industry, released three major indices tracking global digital assets. In April 2024, HashKey Capital joined forces with Bosera International to launch Bosera HashKey Bitcoin ETF (HK. 3008) and Ether ETF (HK.3009), which successfully listed on the Hong Kong Stock Exchange, bringing virtual assets to the mainstream financial market stage.

The success of the virtual asset spot ETF depends on the continuous empowerment of its ecosystem. After six years of unremitting efforts, HashKey Capital has not only been continuously promoting the large-scale application and mainstream market of blockchain technology and virtual assets but also established deep strategic cooperation with traditional financial institutions, sovereign wealth funds, Internet companies, well-known families, encryption native investors and other investor networks. With profound insights into investor needs and cutting-edge understanding of the Web3 industry, Bosera HashKey's virtual asset ETF not only stands firm in the early competitive market but also achieves steady growth in assets under management. With the deepening of cooperation and the continuous development of the market, Bosera HashKey's virtual asset ETF will be able to create more value for investors and play a more important role in the global virtual asset field.

In the ecosystem architecture of Bosera HashKey ETF, Bosera International and HashKey Exchange, a subsidiary of HashKey Group, are two key cooperative partners, jointly promoting the product implementation and market expansion of ETFs. As an experienced public fund management institution, Bosera International provides access and channels for traditional investors to access virtual assets. On the other hand, HashKey Exchange, as the first compliant virtual asset trading platform in Hong Kong, provides a solid infrastructure for the trading execution and liquidity of Bosera HashKey Virtual Asset ETF.

In addition, the booming development of virtual asset ETFs is also benefiting from the active participation and promotion of regulatory agencies and industry leaders. The Hong Kong Stock Exchange (HKEX), the Securities and Futures Commission (SFC), Members of the Legislative Council of Hong Kong including Member of Parliament Qiu Dagen and Wu Jiezhuang, have provided valuable guidance and suggestions for the compliant development of the virtual asset ETF industry.

Looking ahead, HashKey Capital will continue to promote financial innovation, facilitate the compliant development of the Web3 field, provide investors with more diversified investment options, and help the Web3 ecosystem further integrate into the mainstream financial market, achieving wider application and recognition.

About HashKey Capital

HashKey Capital, as a globally influential encryption asset management company, is at the forefront of digital assets and blockchain, committed to collaborating with institutions, founders, and talents to jointly promote the long-term development of the blockchain industry.

As one of the largest cryptocurrency funds and earliest investors in Ethereum, HashKey Capital has exceeded $1 billion in total assets under management since its establishment. With its outstanding expertise and deep market insights, HashKey Capital now manages a diversified investment portfolio, including over 600 leading projects covering multiple sectors such as institutional services, infrastructure, data, artificial intelligence, and consumer services/technology.

In addition, HashKey Capital has successfully issued a series of secondary fund products, including an actively managed fund, three virtual asset indices in collaboration with FTSE Russell, and Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK) spot ETFs listed on the Hong Kong Stock Exchange (HKEX).

With a deep understanding of the blockchain ecosystem, HashKey Capital has successfully built a strong ecological network that tightly connects founders, investors, developers, and regulatory agencies.