ChainCatcher news, according to Caixin reports, the Huaxia Hong Kong Dollar Digital Currency Fund has chosen to issue on the Ethereum public chain, with an initial scale of approximately 107 million USD. According to reports, this fund is the first tokenized money market fund aimed at retail investors in the Asia-Pacific region.Currently, the fund is only open for primary market subscriptions and redemptions, and secondary market trading has not yet been realized. In the future, it will strictly adhere to the guidelines of the Hong Kong Securities and Futures Commission and will work with licensed virtual asset exchanges in Hong Kong to jointly explore the development of secondary market products.Huaxia stated that tokenization could provide more income-generating tools for the on-chain ecosystem, and in the future, it hopes to attract stablecoin holders to invest, and will explore the tokenization of money market funds in different currencies, including the Renminbi money market fund.The underlying assets of the fund are the same as those of traditional money market funds, with no less than 70% of the net asset value invested in financial instruments such as short-term deposits and bonds denominated and settled in Hong Kong dollars.

ChainCatcher news, according to official sources, Huaxia Fund (Hong Kong) announced today the launch of the Asia-Pacific's first retail tokenized fund, the "Huaxia Hong Kong Dollar Digital Currency Fund." This fund primarily invests in short-term deposits and high-quality money market instruments denominated in Hong Kong dollars, marking the official arrival of the first tokenized fund aimed at retail investors in the Asia-Pacific region.The fund reshapes the traditional fund investment model through blockchain technology, with key fund information recorded in real-time on the blockchain, ensuring that the information is tamper-proof and fully traceable, thereby enhancing investment transparency and operational efficiency. In terms of distribution channels, in addition to traditional qualified brokers and banks, licensed virtual asset trading platforms (VATPs) authorized by the Securities and Futures Commission have also been included in the distribution channels to reach a broader investor base.Huaxia Fund (Hong Kong) stated that the fund will participate in the Ensemble project led by the Hong Kong Monetary Authority, with the expectation of opening secondary market trading in the future, enabling 24/7 trading and settlement, and seamlessly linking with a broader digital financial ecosystem, compatible with various forms such as stablecoins, tokenized deposits, and digital currencies.

ChainCatcher news, Huaxia Fund (Hong Kong) announced that its Huaxia Hong Kong Dollar Digital Currency Fund has been approved by the Hong Kong Securities and Futures Commission (SFC) and is expected to officially launch at the end of February. This fund is the first retail tokenized fund in the Asia-Pacific region, aiming to leverage blockchain technology to provide investors with an innovative investment tool based on the returns of Hong Kong dollar money market funds.

ChainCatcher news, Huaxia Fund (Hong Kong) announced that its Huaxia Hong Kong Dollar Digital Currency Fund has been approved by the Securities and Futures Commission (SFC) of Hong Kong and is expected to officially launch at the end of February.This fund is the first retail tokenized fund in the Asia-Pacific region, aiming to leverage blockchain technology to provide investors with an innovative investment tool based on the returns of Hong Kong dollar money market funds.

According to ChainCatcher news, as disclosed by Huaxia Fund, the Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) saw a trading volume exceeding 50 million Hong Kong dollars yesterday (including Hong Kong dollars, US dollars, and Chinese yuan across three counters), setting a historical high since its listing.The Huaxia Bitcoin ETF accounts for 87.38% of the total trading volume among similar spot ETFs and 61.18% of the total trading volume among similar spot and futures ETFs. In addition to its outstanding liquidity, another core indicator of the ETF product—the bid-ask spread—also leads among similar spot and futures Bitcoin ETFs.

ChainCatcher news, according to Reuters, two sources said that the Qatar Sovereign Wealth Fund has agreed to purchase a 10% stake in China’s second-largest mutual fund company, Huaxia Fund. The sources stated that the Qatar Investment Authority (QIA) will buy the shares of Huaxia Fund from the investment firm Primavera Capital.The sources declined to disclose the financial details of the transaction, but Citic Securities, which owns approximately 62% of Huaxia Fund, stated in March that it had decided to waive its right to purchase the 10% stake currently held by Primavera, valued at no less than $490 million.The proposal from the Qatar Sovereign Fund has been submitted for approval by Chinese regulatory authorities, and if approved, the transaction will make the Qatar Investment Authority the third-largest shareholder of Huaxia Fund.

ChainCatcher news, according to official sources, as of May 31, 2024, the total scale of the Huaxia Bitcoin ETF has exceeded 1 billion Hong Kong dollars.

ChainCatcher message, according to SoSo Value data, the Hong Kong Ethereum spot ETF had a net subscription of 62.8 units yesterday (May 22), with a total holding of 13,380 units of Ethereum, a total transaction volume of $390,300, and a total net asset value of $50.22 million. The net subscription amount yesterday came entirely from the Harvest ETF.It is noteworthy that yesterday marked the first net subscription for the Hong Kong Ethereum ETF in the 11 trading days since May 7. In terms of asset size, the Bosera Hashkey ETF holds 6,300 units of Ethereum, ranking first, while the Huaxia and Harvest ETFs hold 4,630 units and 2,450 units of Ethereum, respectively.In terms of intraday premium/discount rates, the Huaxia Ether ETF (83046.HK), which supports over-the-counter trading priced in CNY (Renminbi), showed a positive premium rate of about 1.5% within 24 hours, while other ETFs that support over-the-counter trading priced in HKD (Hong Kong Dollar) and USD (US Dollar) showed discount rates. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscription refers to a positive difference between the subscription amount and the redemption amount over a certain period, meaning more buying than selling; conversely, it indicates net redemption.)

ChainCatcher news, the first batch of 6 Bitcoin and Ethereum spot ETF funds launched in Hong Kong today had a total transaction amount of approximately 26.11 million HKD. Among them:Huaxia Bitcoin ETF (3042.HK): 8.95 million HKD;Huaxia Ethereum ETF (3046.HK): 2.86 million HKD;Harvest Bitcoin Spot ETF (3439.HK): 5.42 million HKD;Harvest Ethereum Spot ETF (3179.HK): 4.93 million HKD;Bosera HashKey Bitcoin ETF (3008.HK): 3.08 million HKD;Bosera HashKey Ethereum ETF (3009.HK): 840.18 thousand HKD.

ChainCatcher news, according to official sources, Huaxia Fund's products in Hong Kong, including Bitcoin ETF and Ethereum ETF, have been included in Hong Kong's new capital investor entry program.

ChainCatcher news, according to the South China Morning Post, at the Bitcoin Asia conference held in Hong Kong, the managers of Harvest International and Huaxia Fund both stated that they are advancing the collateralization of ETF products in Hong Kong, allowing investors to use ETF shares as loan collateral.Previously, Harvest International's CEO Han Tongli recently stated that the company is considering allowing mainland investors to directly invest in its Bitcoin and Ethereum ETF products through the Stock Connect program in the future, provided that "everything goes smoothly" in the next two years.

ChainCatcher news, Han Tongli, CEO of Harvest International, revealed that the company is preparing to issue collateralized financial products based on cryptocurrency spot ETFs. The current goal is to achieve the highest trading volume for its cryptocurrency spot ETF in Hong Kong by the end of this year. Data shows that the first-day trading volume of Harvest International's cryptocurrency spot ETF ranked second among three fund companies, with ChinaAMC ranking first.Han Tongli stated that due to skepticism about Hong Kong's commitment to virtual assets, many investors are still on the sidelines, which puts pressure on the trading volume of cryptocurrency spot ETFs. However, Han Tongli added that he is confident that Hong Kong's cryptocurrency ETFs can grow to twice the size of products in the United States, although he did not mention when this milestone could be achieved.

ChainCatcher news, the first batch of 6 Bitcoin and Ethereum spot ETFs launched in Hong Kong today had a total trading amount of approximately 26.31 million HKD. Among them:Huaxia Bitcoin ETF (3042.HK): 9.79 million HKD;Huaxia Ethereum ETF (3046.HK): 814.88 thousand HKD;Harvest Bitcoin Spot ETF (3439.HK): 2.49 million HKD;Harvest Ethereum Spot ETF (3179.HK): 8.94 million HKD;Bosera HashKey Bitcoin ETF (3008.HK): 3.68 million HKD;Bosera HashKey Ethereum ETF (3009.HK): 595.99 thousand HKD.

ChainCatcher news, as of May 3, the latest asset management scale (AUM) data for virtual asset ETFs from the Hong Kong Stock Exchange shows:Huaxia Ethereum ETF asset management scale reached HKD 146.16 million, Huaxia Bitcoin ETF reached HKD 880.25 million, totaling over HKD 1 billion, reaching HKD 1.02641 billion;Bosera HashKey Ethereum ETF asset management scale is HKD 96.59 million, Bosera HashKey Bitcoin ETF reached HKD 478.09 million, totaling HKD 574.58 million;Harvest Ethereum ETF asset management scale is HKD 89.97 million, Crypto Bitcoin ETF is HKD 449.39 million, totaling HKD 539.36 million.

ChainCatcher news, Hong Kong stock market data shows that the trading volume of the Huaxia Bitcoin ETF (3042.HK) is 20.3 million HKD, the trading volume of the Huaxia Ethereum ETF (3046.HK) is 9.82 million HKD, the trading volume of the Harvest Bitcoin ETF (3439.HK) is 5.6 million HKD, the trading volume of the Harvest Ethereum ETF (3179.HK) is 1.96 million HKD, the trading volume of the Bosera HashKey Bitcoin ETF (3008.HK) is 1.96 million HKD, and the trading volume of the Bosera HashKey Ethereum ETF (3009.HK) is 1.83 million HKD.

ChainCatcher news, Huaxia, Bosera HashKey, and Jiashi's 6 virtual asset spot ETFs have all fallen below their issue prices during trading. As of the time of this article, the Huaxia Bitcoin ETF (3042.HK) is currently priced at 8 HKD, with an opening price of 8.08 HKD; the Huaxia Ethereum ETF (3046.HK) is currently priced at 7.835 HKD, with an opening price of 7.95 HKD; the Jiashi Bitcoin spot ETF (3439.HK) is currently priced at 8.03 HKD, with an opening price of 8.115 HKD; the Jiashi Ethereum spot ETF (3179.HK) is currently priced at 7.85 HKD, with an opening price of 7.97 HKD; the Bosera HashKey Bitcoin ETF (3008.HK) is currently priced at 49.86 HKD, with an opening price of 50.54 HKD; the Bosera HashKey Ethereum ETF (3009.HK) is currently priced at 24.9 HKD, with an opening price of 25.34 HKD.

ChainCatcher news, data from brokerage apps like Futu NiuNiu and Tonghuashun show that the trading volume of the Huaxia Bitcoin ETF launched on the Hong Kong Stock Exchange in collaboration with partners such as Huaxia Fund and OSL Exchange has approached 16 million HKD. The current transaction amount is 15,896,210 HKD.

ChainCatcher news, according to Futu's market data, the trading volume of the Huaxia Bitcoin spot ETF with the Hong Kong dollar counter security code 03042 has exceeded 10 million HKD.

ChainCatcher news, according to Jinshi reports, spot Bitcoin and Ethereum ETFs have started trading in Hong Kong, with Huaxia Bitcoin (03042.HK), Harvest Bitcoin (03439.HK), and Bosera Bitcoin (03008.HK) all rising over 3% at the beginning of trading.

ChainCatcher news, according to data from the Hong Kong Stock Exchange, the Huaxia Bitcoin ETF opened at 8.08 HKD, an increase of 3.19%; the USD counter code is 9042, with a current price of 1 USD; the RMB counter code is 83042, with a current price of 7.26 CNY.