On July 19, according to the Hong Kong Wen Wei Po report, the "Pandy Bitcoin ETF" (2818) issued by the licensed virtual asset management company Pandy was listed in Hong Kong yesterday, surging over 13% intraday and closing at 7.98 Hong Kong dollars, rising 0.129 Hong Kong dollars or 1.64% for the day. Pandy's founder and CEO Ren Junfei revealed intentions to "take the next step" and plans to launch a spot Ethereum ETF product with a staking mechanism in Hong Kong in the second half of this year.
When asked why they did not simultaneously launch a spot Ethereum ETF like other issuers, Ren Junfei disclosed plans to introduce an Ethereum ETF with staking components this year, which would not be a simple spot holding product but would include additional revenue mechanisms. They are currently communicating with regulatory authorities about how to protect investor rights and specific operational directions for subscription and redemption.
The Pandy Bitcoin ETF is a passive ETF that directly holds Bitcoin, with a listing price of approximately 7.8512 Hong Kong dollars per unit, 100 shares per lot, an entry cost of around 786 Hong Kong dollars, and a management fee of 1%. BOCI Prudential Trustee is the trustee and administrator, while OSL Digital Securities Limited serves as the Bitcoin custody sub-custodian.
