Bosera HashKey Ether ETF (03009.HK) Down 7.44% as Ether Slides to US$2,206

NewTimeSpace News: As of 11:21 on November 6, Bosera HashKey Ether ETF (03009.HK) fell 7.44% to a latest price of HK$16.920. The ETF has so far traded 52,700 units today, with turnover of HK$888,568 and an average price of HK$16.861; its turnover rate is 0.561%. It is flat week to date. The net asset value per unit is HK$18.3320, and assets under management stand at HK$172 million (about US$21.97 million). (Note: NAV and AUM are as of November 5; the week-to-date change is based on the October 30 close of HK$16.920, the same as the current price.)

Crypto markets extended the previous session's slide on November 6. Bitcoin fell as low as about US$75,200, having rebounded above US$80,000 a day earlier, while ether dropped to around US$2,206, down more than 7% over 24 hours, with SOL and other major tokens also lower. CoinGlass data show 238,600 traders were liquidated worldwide in the past 24 hours, with total liquidations of about US$1.254 billion — US$1.11 billion in longs and US$140 million in shorts. The decline tracked the selloff in US technology shares: on November 5 the Dow fell 3.44%, the S&P 500 4.36% and the Nasdaq Composite 5.52%, as concerns mounted over the sustainability of AI infrastructure spending and tighter regulation.

Bosera HashKey Ether ETF (03009.HK) is the Hong Kong dollar counter of a spot virtual asset ETF managed by Bosera Asset Management (International), with a US dollar counter (09009) and the US dollar as its base currency. The fund directly holds ether and participates in staking to enhance potential returns, seeking investment results closely corresponding to the CME CF Ether-Dollar Reference Rate (Asia Pacific Closing), and makes no distributions. The board lot is 100 units; it listed on April 30, 2024, with a management fee of 0.60% per year and an ongoing charges figure of 1.46%.

Bitfinex Alpha notes that the 30-day correlation between Bitcoin and the Nasdaq 100 has climbed to 0.68, markedly strengthening the link between crypto assets and technology stocks; as investors reassess the returns on large AI investments, spot and derivatives markets are deleveraging in tandem, and risk appetite is transmitting across markets faster than in previous cycles.