HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Crypto ETFs in Hong Kong
OSL’s key partnerships secure 76% market share in spot BTC/ETH ETF market
(Hong Kong, 7 May 2024) – The inaugural week of the newly launched ETFs has exceeded all projections, with asset under management (AUM) surpassing HKD2.4 billion as of 6 May, a testament to the strong investor interest and confidence in the market. This milestone highlights the successful fusion of traditional financial systems with cutting-edge digital asset solutions, showcasing the evolution and maturity of Hong Kong's digital finance landscape.
ETP / AUM (HKD in million)* | Total | BTC | ETH |
ChinaAMC | 1,225.81 | 1,050.00 | 175.81 |
Harvest Global | 665.91 | 556.71 | 109.20 |
Bosera | 584.49 | 472.71 | 111.78 |
*Data as of 6 May (Source: HKEX)
OSL Digital Securities, a prominent licensed digital asset platform and a core entity of OSL Group (863.HK), has been entrusted as the virtual asset trading platform and sub-custodian for both ChinaAMC's and Harvest Global’s inaugural spot BTC/ETH ETFs, which surpasses 76% of the total market shares. This achievement reflects OSL's recognized leadership and expertise in the digital asset industry, reinforcing its pivotal role in facilitating the growth and security of the market.
OSL’s CEO - “Bridging today’s finance with tomorrow’s Web 3.0”
Patrick Pan, Chairman of the Board & CEO of OSL, remarked, “In collaboration with the industry’s finest ETF managers, we have successfully launched four innovative spot BTC/ETH ETF products in one of the world's most dynamic ETF markets. Together, we have addressed some of the most intricate challenges of our industry—regulated digital asset custody, ensuring stable liquidity, and bridging traditional financial markets with the speed of on/off-chain operations. Today marks a significant step towards merging contemporary finance with the future of Web 3.0.”
Looking forward, OSL is optimistic about the continued growth and influence of these ETFs. The successful launch also sets the stage for further innovations and market expansion. This landmark development is expected to boost market activity and attract further investment, driving forward Hong Kong’s ambition to be at the forefront of the digital asset revolution.
About OSL Hong Kong
As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.
OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.
For more information, visit osl.com.
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