HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Cryptocurrency ETF in Hong Kong
The newly launched ETF’s first week exceeded all expectations, with assets under management (AUM) exceeding HK$2.4 billion as of May 6. This demonstrates investors’ high interest and trust in the market. This milestone highlights the successful convergence of traditional financial systems and cutting-edge digital asset solutions and demonstrates the evolution and maturity of Hong Kong’s digital financial environment.
OSL Digital Securities, a prominent licensed digital asset platform and core company of OSL Group (863.HK), has been delegated as the virtual asset trading platform and sub-custodian for both ChinaAMC and Harvest Global’s first spot BTC/ETH ETF. It exceeded 76% of the total market share. This achievement reflects OSL’s recognized leadership and expertise in the digital asset industry and reinforces its pivotal role in driving the growth and security of the market.
OSL CEO – “Connecting today’s finance and tomorrow’s Web 3.0.”
Patrick Pan, OSL Chairman of the Board and CEO, said: “Working with industry-leading ETF managers, we have successfully launched four innovative spot BTC/ETH ETF products in one of the most dynamic ETF markets in the world. Together, we have solved some of the industry’s most complex challenges, including storing regulated digital assets, ensuring stable liquidity, and connecting traditional financial markets with the speed of on- and off-chain operations. “Today is an important step in combining modern finance with the future of Web 3.0.”
OSL is optimistic about the continued growth and impact of these ETFs going forward. A successful launch also sets the stage for further innovation and market expansion. This groundbreaking development is expected to boost Hong Kong’s ambitions to be at the forefront of the digital asset revolution by boosting market activity and attracting further investment.
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OSL Information
Backed by OSL Group (863.HK) (formerly BC Technology Group), Asia’s leading public fintech and digital asset company, OSL is the world’s first SFC licensed and insured digital asset platform. Founded in 2018, OSL has a strong history in the sector and is widely recognized as a leader in providing comprehensive regulated and licensed digital asset solutions.
OSL provides marketplace services (brokerage, exchange and custody) and SaaS technology solutions. This allows institutional clients, as well as professional and retail investors, to access global liquidity through a best-in-class digital asset platform. OSL’s secure and guaranteed hot wallet and cold wallet infrastructure ensures safe storage of digital assets through timely transaction settlement.
As the digital asset industry continues to evolve, so too does OSL. OSL’s simple, tailored approach compliantly navigates international clients through the evolving digital asset landscape.
For more information, see https://group.osl.com/.
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Disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
