(22 April 2021—Hong Kong) Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611), is pleased to announce that Huobi Asset Management (Hong Kong) Limited (the “Huobi Asset Management”), a wholly-owned subsidiary of the Company, officially launches four virtual asset-related funds. The new offerings include a BTC tracker fund, an ETH tracker fund, and a multi-strategy virtual asset fund, all of which are solely invested in virtual assets; and a virtual asset mining-focused private equity fund. Huobi Asset Management’s funds are open to professional investors only as defined by the Securities and Futures Ordinance and the Securities and Futures (Professional Investors) Rules.
Huobi Asset Management is the second licensed virtual asset manager in Hong Kong to fall under the SFC’s “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” (“T&C”) since October 2019. Both the ETH tracker fund and the multi-strategy virtual asset fund are the first in this category of virtual asset investment products to be issued by a licensed fund manager in Hong Kong.
Besides, the launch of a variety of funds attracts the attention of professional investors with different risk preferences. The virtual asset mining-focused private equity fund targets professional investor who wants to earn a stable return through primary market investment, while the multi-strategy virtual asset fund targets professional investor who wishes to seek return above the passive benchmark through active trading and management.
“Huobi Asset Management offers professional investors the opportunity to build virtual asset ownership in a secure, reliable and convenient manner via traditional fund products, eliminating concerns in the area of accounting treatment, tax implication and audit interpretation, which investors otherwise would have to face when directly purchasing virtual assets,” said Ms. Gillian Wu, the CEO of Huobi Asset Management. “The funds launched are intended to cater to different types of investors with different risk appetites. And we are confident about the future growth potential.”
Ms. Zhang Li, the CFO of Huobi Tech, said, “We are delighted that Huobi Asset Management could launch multiple fund products in a timely manner. In the meantime, our virtual asset custody business progresses at a rapid pace. We aim to be the leading one-stop virtual asset solutions provider, and to lead and foster innovation and compliance in the virtual asset industry.”