Coin Edition -
- HashKey Exchange completes the first crypto subscription for BTC and ETH ETFs for Hong Kong Bosera International and HashKey Capital.
- Hong Kong began raising funds in ETFs and will be listed on the Stock Exchange on April 30.
- As per reports, HashKey Capital will begin trading Bitcoin ETF on Tuesday.
In a recent development, HashKey Exchange announced that the platform had completed the first crypto subscription for Hong Kong Bosera International and HashKey Capital’s Bitcoin spot ETF and Ethereum spot ETF.
Chinese crypto researcher Colin Wu shared an X post shedding light on the matter. The reporter further elaborated on the idea of cryptocurrency redemption, stating that it means “the underlying assets do not have to be sold immediately, which brings cost and liquidity advantages.”
HashKey Exchange announced that it has completed the first cryptocurrency subscription for Bitcoin spot ETF and Ethereum spot ETF of Hong Kong Bosera International and HashKey Capital. Cryptocurrency redemption means that the underlying assets do not have to be sold immediately,…— Wu Blockchain (@WuBlockchain) April 25, 2024
In addition, it is also reported that Hong Kong began raising funds in crypto ETFs today and will be listed on the Stock Exchange on April 30. The announcement came days after Hong Kong’s Securities and Futures Commission’s (SFC) approval of several Bitcoin and Ethereum ETF applications.
Meanwhile, HashKey Capital confirmed that it will begin trading Bitcoin ETFs on Tuesday. With this official announcement, HashKey Capital became one of the first companies to launch a spot Bitcoin ETF in Hong Kong.
In mid-April, Hong Kong’s SFC signaled a positive nod to the exchange-traded fund applications submitted by multiple firms, including China Asset Management, Bosera Capital, and HashKey Capital Limited. Subsequently, Bosera Asset Management and HashKey Capital together decided to launch a spot Bitcoin ETF and a spot Ether ETF called the Bosera HashKey Bitcoin ETF and the Bosera HashKey Ether ETF, respectively.
Reports stated that other leading asset managers in China are also preparing to introduce Spot Bitcoin ETFs into the market by the end of April. These developments are expected to contribute significantly to Hong Kong’s vision of establishing a crypto hub.
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