OSL partner products account for 88% of Hong Kong’s first batch of spot virtual asset ETF trading volume

2024-07-05 19:36

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1. The Hong Kong digital asset ETF market has continued to grow in trading volume and AUM since its launch in April 2024. 2. The daily trading volume of Bitcoin spot ETF and Ethereum spot ETF was HK$114 million and HK$33.76 million respectively, showing investors' strong interest in Hong Kong digital asset ETFs. 3. OSL Digital Securities Co., Ltd., as the virtual asset trading platform and sub-custodian of China Asset Management and Harvest Global's first Bitcoin and Ethereum spot ETFs, has issuer partners that account for more than 88% of the market's trading share. 4. OSL Group is committed to promoting regulated digital asset innovation, including staking services and tokenized fund products. 5. OSL Group is Asia's leading fintech and digital asset listed company, providing comprehensive regulated licensed digital asset solutions, including market services and SaaS technology solutions.

Source: OSL OSL issuer partners account for 93% and 70% of volume share in the Bitcoin and Ethereum spot ETF markets respectively. Since its launch in April 2024, the Hong Kong digital asset ETF market has shown significant growth, with both volume and assets under management (AUM) continuing to expand. At the time of writing, the Bitcoin (BTC) spot ETF has achieved HK$114 million in daily trading volume, while the Ethereum (ETH) spot ETF has achieved HK$33.76 million in daily trading volume, fully demonstrating the growing interest and investment activity in Hong Kong digital asset ETFs.

*Data as of 15:58, July 5, 2024, Hong Kong time (Source: Hong Kong Exchanges and Clearing Limited)

Among them, OSL Digital Securities Co., Ltd., as the leading licensed digital asset trading platform in Hong Kong under OSL Group (863.HK), was appointed as the virtual asset trading platform and sub-custodian of China Asset Management and Harvest Global's first Bitcoin and Ethereum spot ETFs. The first batch of spot Bitcoin and Ethereum ETFs launched by its issuer partners China Asset Management (Hong Kong) and Harvest Global (HGI) accounted for more than 88% of the total market trading share in the Hong Kong ETF market.

"OSL is continuing to drive the next phase of regulated digital asset innovation, including staking services and tokenized fund products." - OSL Chairman and CEO Pan Zhiyong

OSL's success as a leading ETF custody and trading platform is a reflection of its strategic vision and operational excellence. As the market continues to grow, OSL is committed to pioneering new solutions and maintaining its position as a trusted partner for digital asset investments.

About OSL

OSL Group (863.HK, formerly known as BC Technology Group) is Asia's leading fintech and digital asset listed company. Its platform is the world's first digital asset platform licensed and insured by the Hong Kong Securities and Futures Commission. Founded in 2018, the company has a long history in the field and is recognized by the industry for its comprehensive and regulated digital asset solutions.

OSL provides market services (brokerage, exchange and custody) and software as a service (SaaS) technology solutions, providing global liquidity to institutional, professional and retail investors with top digital asset platform trading platforms. OSL's secure and insured wallet ensures safe storage of digital assets and efficient transaction settlement.

As the digital asset industry continues to develop, the company continues to improve. OSL's simple and tailored services ensure that global customers receive compliant services in the evolving digital asset environment.