Subscription

Bitget is about to launch the Launchpad project Bitget Wallet (BWB), allowing participation in the subscription with BGB or USDT

ChainCatcher news, Bitget is about to launch the Launchpad project Bitget Wallet (BWB). This subscription will be based on the investment model, allowing participation in the subscription with BGB or USDT. The maximum investment amount for users depends on the average holding of BGB or USDT during the holding statistics phase, with the holding snapshot period from June 1, 11:00 to June 4, 11:00 (UTC+8). The personal redemption limit for the BGB pool is 50,000 BWB, while the personal redemption limit for the USDT pool is 25,000 BWB. The expected redemption rate is 1 BWB = 0.15 USD (the actual redemption price of BGB will be announced after the holding statistics phase ends).BWB is the official ecological token of Bitget Wallet and also serves as the system token for Bitget Onchain Layer, playing multiple roles in the ecosystem, including community governance, Staking, Bitget Wallet Launchpad, various airdrop activities, and eligibility for participation in Bitget platform activities, as well as eligibility for airdrops in Bitget Onchain Layer ecological projects, and the payment of multi-chain Gas fees after the launch of the AA wallet.As a one-stop Web3 wallet, Bitget Wallet has over 20 million global users. In April 2024, the Swap trading order volume and trading amount of Bitget Wallet surpassed MetaMask, setting a new historical high. For Bitget, Bitget Wallet is not just a Web3 wallet layout, but an on-chain extension of the entire Bitget ecosystem and a decentralized future, as well as an important part of building the Bitget Onchain Layer in the future.

Data: Hong Kong Ethereum ETF had a net subscription of 62.8 units yesterday, and the Huaxia ETF (83046.HK) traded at a positive discount rate in RMB-denominated counter

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.)

Data: The total subscription volume for the Hong Kong Bitcoin ETF yesterday was 101.6 units, while the Ethereum ETF has shown net redemptions for two consecutive days

ChainCatcher news, according to SoSo Value data, the Hong Kong Bitcoin spot ETF had a net purchase of 101.6 Bitcoins yesterday (May 8), with a total Bitcoin holding of 4,350 Bitcoins, a daily trading volume of $2.67 million, and a total net asset value of $270 million. The daily BTC purchase volume came from Bosera HashKey and Huaxia Bitcoin ETFs.In terms of intraday premium/discount rates, the Huaxia Bitcoin ETF, Bosera HashKey Bitcoin ETF, and Jiashan Bitcoin ETF showed intraday discount rates of -0.55%, -0.03%, and 0.01%, respectively. The Huaxia ETF holds 2,020 BTC, ranking first, while Bosera HashKey and Jiashan ETFs hold 1,220 BTC and 1,110 BTC, respectively.Additionally, the Hong Kong Ethereum spot ETF had a net redemption of 644.78 ETH yesterday (May 8), with a total Ethereum holding of 16,100 ETH and a total daily trading volume of $1.73 million, with a total net asset value of approximately $4.835 million. It is worth noting that the Hong Kong Ethereum spot ETF has shown net redemptions for two consecutive days. Currently, the Bosera HashKey ETF holds 6,500 ETH, ranking first, while Huaxia and Jiashan ETFs hold 5,700 ETH and 3,900 ETH, respectively. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net purchases refer to a positive difference between the subscription amount and redemption amount over a certain period, meaning more buying than selling; conversely, it indicates net redemptions.)
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