Significant Advancement in Hong Kong’s Financial Landscape
On April 11, 2025, Bosera Funds (International) Co., Ltd. in collaboration with HashKey Capital Limited announced a significant advancement in Hong Kong’s financial landscape. The Bosera HashKey Ethereum ETF, officially registered under Stock Code 3009.HK/9009.HK, has received endorsement from the Securities and Futures Commission (SFC) of Hong Kong, allowing it to begin Ethereum staking operations starting April 25, 2025. This approval designates the ETF as the pioneering spot ETF in the Asia-Pacific region to facilitate staking for Ethereum, providing investors a distinctive opportunity to engage with the Ethereum blockchain directly.
Background and Product Launch
The journey to this approval began on April 30, 2024, when Bosera International and HashKey Capital marked their innovative commitment by launching the initial set of Ethereum ETFs in Hong Kong’s market. This financial product was specifically designed to simplify Ethereum investment, allowing individuals to hold their assets without the complexities associated with self-custody and security. With this latest development, both companies are reinforcing their leadership in the evolving virtual asset domain.
Staking Features and Operations
As part of this new staking feature, the ETF will allow up to 30% of its holdings to be pledged in return for staking rewards. After accounting for service fees, these rewards will be reinvested back into the ETF, thereby fostering compounding growth for investors. The staking services for the ETF will be delivered through HashKey Cloud, specifically utilizing its flagship product, ETF Staking Pro, to ensure a secure and compliant staking process via HashKey Exchange. The exchange is equipped with top-tier custodial services, solid compliance mechanisms, and expert risk management protocols to safeguard both the ETF’s assets and the income from staking initiatives.
Administrative and Leadership Insights
As the administrative and custodial authority for the fund, BOCI Prudential Trustee Limited plays a vital role in the issuance of the product, ensuring that it meets high standards required for virtual asset ETFs in Hong Kong. With a mission focused on advancing asset management services for varied investors, Bosera International integrates financial innovation and technology effectively.
The company’s Chairman and CEO, Ms. Lian Shaodong, emphasized that the recent authorization to engage in staking reflects Bosera’s ongoing commitment to exploring virtual asset opportunities that enhance investor returns.
HashKey Capital’s CEO, Deng Chao, expressed optimism regarding the arrangement, noting that it reduces barriers for investors interested in Ethereum staking and represents a strategic step toward broader engagement with the Ethereum ecosystem and DeFi sector. He reiterated their dedication to providing robust and compliant investment solutions in the virtual asset sphere, particularly through their established connection with HashKey Cloud’s institutional-grade staking infrastructure.
Collaborative Insights and Future Directions
BOC-Prudential Trust’s CEO, Andrew Law, highlighted the significance of this collaboration, stating that it enables the fund to venture into virtual asset allocation while tapping into potential returns from Ethereum staking. The ETF will follow the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant for its pricing, allowing investors flexibility in trading using the stock codes 3009.HK and 9009.HK.
Commitment to Growth and Innovation
With its reputable track record, HashKey Capital, a significant player in the digital asset management space, focuses on fostering long-term growth within the blockchain industry. As one of the earliest investors in Ethereum, managing assets exceeding $1 billion, HashKey Capital connects varied market stakeholders to enrich the digital landscape.
Simultaneously, Bosera International aims at harnessing global asset allocation opportunities while offering diverse financial products. Over a span of 15 years, it has established itself as a key figure in the Hong Kong asset management sector, prioritizing product innovation and financial inclusivity.
As both Bosera International and HashKey Capital look forward to leveraging their strengths to bridge traditional finance with Web3 dynamics, their initiatives signify an exciting evolution within Hong Kong’s burgeoning virtual asset industry—paving the way for even more investment avenues for a broader audience.
