Hong Kong Crypto ETFs Of HashKey And Bosera Completed Subscription To Launch On April 30
Key Points:
- Hong Kong crypto ETF of HashKey Exchange has now completed crypto subscription, broadening investor choices.
- Hong Kong launches crypto ETF fundraising, signaling a pivotal moment for the local Bitcoin market.
- Predictions hint at a potential $25 billion surge in demand for Hong Kong crypto ETFs.
HashKey Exchange has successfully executed the inaugural cryptocurrency subscription for Hong Kong Bosera International and HashKey Capital’s spot Bitcoin ETF and spot Ethereum ETF.
HashKey Exchange Leads Debut Crypto ETF Subscriptions in Hong Kong
In the collaboration, HashKey Exchange provides comprehensive infrastructure support, encompassing transactions and custody services. By opting for physical redemption, investors gain cost efficiencies and enhanced liquidity, as the underlying assets need not be immediately sold.
The completion of this physical subscription marks a significant milestone, granting investors direct access to Bitcoin, Ethereum, and other assets corresponding to spot ETF funds, thereby diversifying digital currency investment opportunities.
In tandem with this development, Hong Kong crypto ETFs commenced fundraising today, with listing scheduled on the Hong Kong Stock Exchange by April 30. HashKey Capital has confirmed that its Bitcoin ETF will commence trading next Tuesday.
Hong Kong Crypto ETFs Spark Investor Interest
ChinaAMC is set to launch spot Bitcoin ETFs that will mirror the performance of the Chicago Mercantile Exchange’s crypto indexes, offering redemptions in both fiat money and crypto funds. Moreover, ChinaAMC’s crypto ETFs will be available in three currencies: the U.S. dollar, Hong Kong dollar, and Chinese yuan, with BOCI-Prudential and OSL serving as custodians for the ETFs, as well as for issuer Harvest Global.
Anticipations from industry experts suggest that Hong Kong crypto ETFs could potentially unlock up to $25 billion in new demand, as predicted by Singapore-based crypto services provider Matrixport and Markus Thielen, founder of 10x Research.
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