HashKey Exchange Initiates First Physical Subscriptions for Bitcoin and Ethereum ETFs

by Fintech News Hong Kong

April 25, 2024

HashKey Exchange, Hong Kong’s licensed virtual asset exchange, has announced the successful facilitation of the first physical subscriptions for the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ethereum Spot ETF. 

This development introduces new investment opportunities in Hong Kong’s cryptocurrency market. Working with Bosera International and HashKey Capital, HashKey Exchange has provided essential infrastructure support, including trading and custody services. 

The company highlights that introducing physical redemption for these ETFs allows investors to directly acquire assets such as Bitcoin and Ethereum without immediate selling, enhancing cost efficiency and liquidity.

These virtual asset spot ETFs received formal approval from the Securities and Futures Commission (SFC) of Hong Kong on April 24. Subscription activities started today, and the ETFs will be listed for trading on the Hong Kong Stock Exchange on April 30. 

The company views this approval as a pivotal development in positioning Hong Kong as an international hub for virtual asset finance.

Featured image credit: Edited from HashKey

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