[Hong Kong spot cryptocurrency ETF is attracting international partners]
The collaboration is part of a broader strategy to integrate traditional financial services with digital asset markets.
Under this partnership, the two parties plan to integrate Boshi Fund’s asset management solutions into MetaComp’s CAMP platform to provide investors with more diverse financial tools.
In addition, MetaComp will provide digital payment token services to Boshi Fund, aiming to enhance the latter’s digital asset management capabilities.
Dr. Bai, co-founder of MetaComp, said that these cooperations reflect the strategic intentions of both parties: "We are pleased to deepen our cooperation with Boshi Fund and jointly launch a series of innovative traditional and cryptocurrency financial solutions."
MetaComp’s partnership with Bosera Funds follows its partnership with Harvest Global Investments, which aims to expand the reach of Harvest’s crypto asset spot ETFs into Singapore and beyond.
International collaborations involving Hong Kong spot cryptocurrency ETFs are not limited to products. Recently, well-known crypto market maker Wintermute announced that it will provide liquidity for Bitcoin and Ethereum ETFs to support smooth trading of these ETFs. Wintermute CEO Evgeny Gaevoy believes that this support is critical to the success of the ETF and will allow investors to access digital assets in a regulated manner.
Wintermute will also assist OSL and HashKey with the purchase and sale delivery of Bitcoin and Ethereum, ensuring the smooth creation and redemption of ETFs.
Hong Kong began trading spot Bitcoin and Ethereum ETFs on April 30, and while market reaction was initially mixed, Eric Balchunas, senior ETF analyst at Bloomberg, believes the performance of these products in the local market will be critical.
Despite the challenges, many views Hong Kong’s spot cryptocurrency ETFs as having a bullish long-term outlook and could open up opportunities for investors in mainland China. Experts predict that mainland investors will seek ways to invest in these ETFs, even in the face of local restrictions.
According to data from SoSo Value, the Hong Kong spot Bitcoin ETF recorded an inflow of 1.016 BTC (approximately $6.32 million) on May 8, while the Hong Kong spot Ethereum ETF recorded an outflow of 644.78 ETH (approximately $1.91 million) on the same day.
