Hong Kong's largest licensed exchange HashKey Exchange assists Bosera International and HashKey Capital in completing the first physical subscription for a spot ETF

ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange is pleased to announce that it has successfully assisted Bosera International and HashKey Capital in completing the first physical subscription for the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ethereum Spot ETF, respectively. This success not only means more options for cryptocurrency investors but also heralds a new chapter in the development of Hong Kong's digital currency market.

In this collaboration, HashKey Exchange provided underlying infrastructure support for Bosera International and HashKey Capital, covering aspects such as trading and custody. Physical redemption means that the underlying assets do not have to be sold immediately, bringing advantages in terms of cost and liquidity. In the future, once the physical subscription and redemption processes are completed, investors will be able to directly obtain assets such as Bitcoin and Ethereum corresponding to the spot ETF funds, providing cryptocurrency investors with more diversified investment options.

It is reported that on April 24, the two virtual asset spot ETFs jointly applied for by Bosera International and HashKey Capital have been officially approved by the Hong Kong Securities and Futures Commission (SFC) and will start fundraising today, with trading set to commence on the Hong Kong Stock Exchange on April 30. This historic approval marks a solid step forward for Hong Kong in establishing an international virtual asset financial center.