Key Takeaways
- HashKey Capital’s Bosera HashKey Virtual Asset ETFs have surpassed US$110 million in AUM.
- The success of the Bosera HashKey ETFs is underpinned by strategic partnerships with Bosera International and HashKey Exchange, alongside active regulatory engagement.
HashKey Capital’s Bosera HashKey Virtual Asset ETFs have surpassed a total of US$110 million in assets under management (AUM), with the Ether ETF (3009.HK) maintaining over 6,000 ETH and the Bitcoin ETF (3008.HK) exceeding US$90 million.
Strategic Leadership and Early Adoption
Since its inception in 2015, the HashKey founding team has been at the forefront of the global blockchain and crypto ecosystem. As early institutional investors in Ethereum, they have played a pivotal role in fostering its growth in the Asia-Pacific region, leveraging their first-mover advantage in the convergence of traditional finance and Web3 technologies.
HashKey Capital, a subsidiary of HashKey Group established in 2018, quickly ascended as a leading venture capital fund in Asia, known for its rigorous adherence to regulatory and compliance standards. The firm’s global strategy emphasizes resource sharing and local ecosystem development, contributing significantly to the advancement of blockchain technology worldwide.
Even during the challenging bear market of 2022, HashKey Capital demonstrated resilience by raising a US$500 million VC fund III, infusing new vitality into the Web3 community. Over the past six years, HashKey has invested in more than 600 blockchain projects, thereby nurturing the global blockchain ecosystem’s growth.
Regulatory and Compliance Milestones
The firm’s regulatory achievements include receiving a Type 9 license uplift in Hong Kong in 2022, a Capital Markets Services license in Singapore in 2023, and a subsequent upgrade and approval of additional licenses in Hong Kong this year.
These milestones enable HashKey Capital to offer comprehensive crypto asset management and advisory services to both professional and retail investors, with plans to expand into marketing and distributing virtual asset-related private funds and derivatives, pending further regulatory approvals.
HashKey Capital’s secondary market product development includes launching its first actively managed virtual asset liquid fund in September 2023.
In collaboration with FTSE Russell, the company introduced three major indices in January 2024 to track global digital assets. Following this, the successful launch of the Bosera HashKey Bitcoin ETF and Ether ETF on the Hong Kong Stock Exchange in April 2024 marked a significant step in bringing crypto assets into mainstream financial markets.
Robust Ecosystem and Strategic Partnerships
The success of these ETFs is closely tied to a robust ecosystem fostered by HashKey Capital. Through strategic partnerships with traditional financial institutions, sovereign funds, multinational conglomerates, family offices, and crypto-native investors, HashKey Capital has achieved steady growth in asset management.
This ecosystem is further strengthened by Bosera International and HashKey Exchange, pivotal partners in launching and expanding the ETFs’ market presence. Bosera International bridges traditional investors to virtual assets, while HashKey Exchange, Hong Kong’s first regulated virtual asset trading platform, ensures the necessary trade execution and liquidity.
Active participation from regulators and industry leaders, including the Hong Kong Exchanges and Clearing Limited (HKEX), the Securities and Futures Commission (SFC), and Hong Kong Legislative Council members, has been crucial in guiding the regulatory framework for virtual asset ETFs.
Looking ahead, HashKey Capital aims to broaden investor access to diverse investment opportunities and integrate the Web3 ecosystem more deeply into mainstream financial markets.
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