Weng Xiaoqi: Compared to fiat currency subscriptions, the physical subscription ratio of Bosera Hashkey Bitcoin and Ethereum spot ETFs is larger

ChainCatcher news, HashKey Group Chief Operating Officer and HashKey Exchange CEO Weng Xiaoqi stated at the afternoon press conference that the ETF supports both physical subscription and fiat currency subscription models. Based on the current situation of the Bosera Hashkey Bitcoin Spot ETF and Bosera Hashkey Ethereum Spot ETF, physical subscriptions account for a larger proportion.

In addition, Weng Xiaoqi also mentioned that for Web3 native users, purchasing spot ETFs is essentially a form of "TradFi mining," "mining" the value and potential of traditional markets and assets. For example, users in Hong Kong who already hold BTC and ETH can convert their original "alternative assets" into "mainstream assets" through an IN-Kind method, which can help in obtaining Hong Kong immigration status and PI status (Professional Investor), facilitating their career and life in Hong Kong.