Business Markets News Report
April 15, 2024

HashKey Capital, Bosera Capital And China Asset Management Receive Approval From Hong SFC For Crypto ETF Launches

In Brief

Several asset management firms received approvals from the Hong Kong SFC to offer virtual asset management services to investors.

HashKey Capital, Bosera Capital And China Asset Management Receive Approval From Hong SFC For Crypto ETF Launches

Investment management companies HashKey Capital, Bosera Capital, and China Asset Management received approvals from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset management services to investors.

Investment products from HashKey Capital and Bosera Capital have received conditional approval from the regulator. Bosera HashKey Capital spot Bitcoin exchange-traded fund (ETF) and Bosera HashKey Capital spot Ethereum ETFs will mirror the prices of Bitcoin and Ethereum, respectively, and will utilize a “physical” subscription process, enabling investors to subscribe for ETF shares directly utilizing Bitcoin and Ethereum. These newly approved investment offerings are expected to be listed on the Hong Kong Stock Exchange.

Bosera International has been appointed as the fund manager for the two ETFs mentioned above, while HashKey Capital will act as the deputy fund manager.

Meanwhile, China Asset Management (Hong Kong) has received full approval from the SFC. The company partnered with digital asset platform developer OSL Digital Securities and a custodian, BOC International Prudential, to provide retail asset management services connected to spot cryptocurrency ETFs. The company intends to introduce ETF products enabling spot Bitcoin and Ethereum investments.

OSL Digital Securities will be the exclusive trading and custody partner for China Asset Management’s newly launched Bitcoin and Ethereum spot ETFs in Hong Kong.

Furthermore, another asset management firm, Harvest Global Investments, announced its two spot cryptocurrency ETFs have also obtained in-principle approval from the regulating agency. The ETFs will be launched in partnership with OSL to effectively resolve concerns such as excessively high margin requirements.

Hong Kong Embraces Crypto Amid Mainland Crackdown: Two Platforms Licensed

In contrast to the broader crackdown on cryptocurrency trading and mining seen in neighboring mainland China, Hong Kong warmly welcomed cryptocurrency-focused firms last year. In June 2023, the city officially initiated its cryptocurrency licensing regime for trading platforms, enabling licensed exchanges to offer retail trading services. So far, Hong Kong has issued licenses to two platforms — HashKey Exchange and OSL.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Gate.io Launchpool Sees Strong Growth In April, Launching 23 Projects And Delivering High Yields Via Mainstream Token Staking
News Report Technology
Gate.io Launchpool Sees Strong Growth In April, Launching 23 Projects And Delivering High Yields Via Mainstream Token Staking
May 6, 2025
BitMart Celebrates 7th Anniversary With Successful ‘Web3 Convergence Night’ At Token2049 Dubai
Lifestyle News Report Technology
BitMart Celebrates 7th Anniversary With Successful ‘Web3 Convergence Night’ At Token2049 Dubai
May 6, 2025
BNB Chain Rolls Out Model Context Protocol To Enable AI Integration Across Its Ecosystem
News Report Technology
BNB Chain Rolls Out Model Context Protocol To Enable AI Integration Across Its Ecosystem
May 6, 2025
DeFi Without Borders: How Interoperability Is Shaping Next-Gen Finance
Hack Seasons News Report Technology
DeFi Without Borders: How Interoperability Is Shaping Next-Gen Finance
May 6, 2025