HashKey Earn Lists WisdomTree 500 Digital Fund
HashKey Exchange adds SPXUX, a tokenized U.S. equity index fund, to its Earn Channel for eligible professional investors.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
HashKey Exchange announced the listing of the WisdomTree 500 Digital Fund (SPXUX) on its Earn Channel. The product is an open-end digital mutual fund tracking the WisdomTree 500 Index, providing exposure to mid- and large-cap U.S. equities. It uses blockchain for recordkeeping but does not invest in cryptocurrencies. Eligible professional investors can subscribe and redeem in USDC, with T+1 settlement expected. The announcement does not mandate any action from existing users; it only informs about the new availability.
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HashKey Earn Channel lists WisdomTree 500 Digital Fund (SPXUX), an open-end digital mutual fund.
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The fund tracks the WisdomTree 500 Index, covering 500 of the largest eligible U.S. mid- and large-cap companies.
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SPXUX uses blockchain for recordkeeping but does not invest in cryptocurrencies; underlying investments are traditional securities.
Key timeline
Announcement published on HashKey Exchange support site.
Subscription and redemption orders accepted with 9:00 AM HKT cut-off.
Expected settlement for subscription and redemption orders, subject to issuer arrangements.
Who may be affected
- Eligible professional investors on HashKey Exchange who meet the platform and issuer requirements.
- Users in jurisdictions served by HashKey Exchange, excluding Mainland China, the United States, and other restricted regions.
Impact analysis
The listing expands the product range on HashKey's Earn Channel, offering eligible professional investors a tokenized U.S. equity index fund. The fund's performance will track the WisdomTree 500 Index, meaning its value will fluctuate with U.S. equity markets. Investors can subscribe and redeem in USDC, with settlement expected on T+1, but actual timing depends on the issuer's dealing calendar. The product is not available for trading or transfer; exit is only via redemption, which may introduce liquidity constraints. The 0.1% redemption fee adds a cost to exiting. The announcement does not affect users who are not eligible professional investors or who are in restricted jurisdictions.
What the announcement does not say
The announcement does not specify the exact launch date or time for the product's availability on the Earn Channel. It also does not disclose the issuer's full dealing calendar, which could affect settlement timing. The eligibility criteria for professional investors are not detailed in the announcement.
Risk notes
- The product is classified as complex; investors should ensure they understand its nature and risks before investing.
- The fund is not principal-protected; investors may lose part or all of their invested capital due to equity market fluctuations.
- Blockchain and technology risks apply, including potential cybersecurity and transaction processing issues.
- The fund may have sector concentration risk, as it may have significant exposure to certain sectors or issuers.
- Redemption is not instantaneous; settlement may be delayed due to market disruption, operational issues, or non-dealing days.
- This article is for reference only and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
Who can invest in SPXUX?
Only eligible professional investors who meet the requirements of HashKey Exchange and the issuer can subscribe and redeem. The announcement does not specify the exact criteria.
Can I trade SPXUX on the secondary market?
No. The announcement states that deposits, withdrawals, transfers between users, and secondary market trading are not supported. Investors can only exit by submitting a redemption request through the HashKey Earn Channel.
What are the fees for subscribing and redeeming?
The platform subscription fee is 0%, and the platform redemption fee is 0.1%. Other fees may apply as per the issuer's arrangements.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.