Hong Kong, July 5, 2024 – Yesterday, the Bosera HashKey Virtual Assets ETF achieved a historic breakthrough with its total assets under management surpassing $110 million USD. Notably, the Bosera HashKey Ethereum ETF (HK.3009) has demonstrated significant strength, maintaining holdings of over 6,000 Ethereum since May 7, continuously leading the market. Following closely, the Bosera HashKey Bitcoin ETF (HK.3008) also surged yesterday, crossing $90 million USD in assets under management, collectively propelling the Bosera HashKey Virtual Assets ETF to a new historical peak, firmly securing its position as the leader in Asia.
Since 2015, the HashKey founding team has been deeply involved in the global blockchain and crypto ecosystem development. As one of the few visionary institutional investors globally, HashKey not only provided early funding to the Ethereum Foundation but also supported the vibrant growth of the Ethereum ecosystem across the Asia-Pacific region. As one of Ethereum’s earliest institutional investors, HashKey has accumulated significant first-mover advantages in the convergence of traditional finance with Web3.
In 2018, HashKey Group’s HashKey Capital was formally established, adhering to principles of institutionalization and regulatory compliance, rapidly rising to become a leading venture capital fund in Asia. HashKey Capital maintains a strategic global footprint, facilitating industry resource flows and local ecosystem development, contributing significantly to the development, industrial upgrading, and community iteration of global blockchain technology. During the industry downturn of 2022, HashKey Capital successfully raised a $500 million USD third-stage VC fund, injecting fresh vitality into the Web3 community. Over six years, driven by dual engines of investment and research, HashKey Capital has invested in over 600 blockchain projects, making substantial contributions to the prosperity of the global blockchain ecosystem.
HashKey Capital serves as a bridge between the crypto world and traditional finance, continuously setting new standards for compliance in the Web3 industry. In 2022, HashKey Capital Limited upgraded its Hong Kong Type 9 Asset Management Virtual Asset License, followed by HashKey Capital Singapore Pte. Ltd obtaining the Capital Markets Services Asset Management License in Singapore in 2023. This year, HashKey Capital Limited obtained upgrades to the Hong Kong Type 9 Retail Asset Management License and Type 4 Investment Advisor License, catering to both professional investors and retail investors by providing virtual asset management and advisory services. Pending regulatory approval, HashKey Capital plans to expand its business lines to introduce and distribute private funds and derivative tools related to virtual assets to qualified investors.
In secondary market product layout, in September 2023, HashKey Capital launched its first actively managed virtual asset liquidity fund, marking the gradual emergence of its product portfolio in Web3 asset management. In January 2024, HashKey Capital, in collaboration with global index industry leader FTSE Russell, released three major indices tracking global digital assets. In April 2024, HashKey Capital partnered with Bosera International to successfully list the Bosera HashKey Bitcoin ETF (HK.3008) and Ethereum ETF (HK.3009) on the Hong Kong Stock Exchange, bringing virtual assets onto the mainstream financial market stage.
The success of the virtual assets spot ETF is inseparable from the ecosystem that continuously empowers it. Through six years of relentless effort, HashKey Capital has not only driven the blockchain technology and virtual assets towards large-scale application and mainstream market integration but also established deep strategic cooperation with traditional financial institutions, sovereign funds, internet companies, renowned family offices, and native crypto investors. With profound insights into investor needs and cutting-edge understanding of the Web3 industry, the Bosera HashKey Virtual Assets ETF has not only stood firm in the fiercely competitive early market but also achieved steady growth in asset management scale. As cooperation deepens and markets continue to develop, the Bosera HashKey Virtual Assets ETF will create more value for investors and play a more significant role in the global virtual asset arena.
Within the Bosera HashKey ETF ecosystem, Bosera International and HashKey Group’s HashKey Exchange serve as two pivotal cooperative partners, jointly promoting the product landing and market expansion of ETFs. Bosera International, as a seasoned public fund management institution, provides access and channels for traditional investors to engage with virtual assets. On the other hand, HashKey Exchange, as Hong Kong’s first compliant virtual asset trading platform, provides robust infrastructure for the trading execution and liquidity of the Bosera HashKey Virtual Assets ETF.
Furthermore, the flourishing development of virtual assets ETFs also benefits from the active participation and promotion of regulatory agencies and industry leaders. The Hong Kong Stock Exchange (HKEX), the Securities and Futures Commission (SFC), and legislators like Hon. Christopher Cheung and Hon. Wu Chi-wai have provided valuable guidance and advice for the compliant development of the virtual assets ETF industry.
Looking ahead, HashKey Capital will continue to drive financial innovation, promote the compliant development of the Web3 domain, offer investors more diversified investment choices, and further integrate the Web3 ecosystem into the mainstream financial market for broader applications and recognition.
About HashKey Capital
HashKey Capital, a globally influential cryptocurrency asset management company, occupies a leading position in the digital asset and blockchain sectors, committed to advancing the long-term development of the blockchain industry in collaboration with institutions, founders, and talent.
As one of the largest cryptocurrency funds and earliest investors in Ethereum, HashKey Capital has surpassed $1 billion USD in total assets under management since its inception. With outstanding expertise and deep market insights, HashKey Capital manages a diversified investment portfolio encompassing over 600 top-tier projects across institutional services, infrastructure, data, artificial intelligence, consumer services/technology, and other sectors.
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 the Bosera HashKey Bitcoin (3008.HK) and Ethereum (3009.HK) spot ETFs listed on the Hong Kong Stock Exchange (HKEX).
With a profound understanding of the blockchain ecosystem, HashKey Capital has successfully built a robust ecological network that closely connects founders, investors, developers, and regulatory bodies.