Recently, LD Capital, Antalpha Ventures, and Highblock announced in Hong Kong that they would jointly establish a HK$1 billion Hong Kong ETF liquidity fund to provide market maker services for Hong Kong ETFs. This fund is the first Hong Kong ETF liquidity fund, which aims to improve the liquidity of Hong Kong ETFs, increase the efficiency of capital inflows and outflows, and reduce the price volatility risk and transaction risk caused by liquidity problems.
LD Capital is a digital asset fund for primary and secondary investment and trading in the blockchain field, with cumulative investments in more than 300 blockchain companies; Antalpha Ventures is a financial service platform under Bitmain, a manufacturer of digital asset mining machines; Highblock Limited was founded by executives of former large international digital asset trading platforms. Its team has more than ten years of quantitative trading experience in the blockchain field and has a Hong Kong digital asset quantitative trading compliance license. It is a professional digital asset quantitative trading and digital asset portfolio management service provider in Hong Kong.
Hong Kong ETFs are approved by the Hong Kong Securities and Futures Commission. Currently, the first batch of 6 ETFs are: Bitcoin Spot ETF and Ethereum Spot ETF under China Asset Management (Hong Kong), Harvest Asset Management, and Bosera International. These 6 ETFs were launched on April 30. The total transaction volume on the first day was nearly HK$100 million, reaching HK$99.4 million.