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, offering exposure to mid- and large-cap U.S. equities. It is available only to eligible professional investors who meet HashKey and issuer requirements. Subscription and redemption are supported in USDC with T+1 expected settlement, subject to issuer arrangements. The announcement does not mandate any action from existing users; it merely informs eligible clients of the new product 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, providing exposure to 500 largest eligible mid- and large-cap U.S. 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.
Dealing frequency: daily, with cut-off at 9:00 AM (HKT).
Expected settlement for subscription and redemption orders, subject to issuer arrangements.
Who may be affected
- Eligible professional investors on HashKey Exchange who meet the applicable requirements.
- Users who wish to subscribe to or redeem SPXUX through the HashKey Earn Channel.
Impact analysis
The listing expands the product range on HashKey's Earn Channel, giving eligible professional investors access to a tokenized U.S. equity index fund. The product's structure means investors can only enter or exit via subscription and redemption through the Earn Channel; no secondary market trading or external transfers are supported. Settlement is not instantaneous and depends on the issuer's dealing calendar and operational procedures, with potential delays on non-dealing days. The platform charges a 0.1% redemption fee, while subscription is free. The announcement does not affect users who are not eligible professional investors or who do not use the Earn Channel. No changes to existing services or account operations are indicated.
What the announcement does not say
The announcement does not specify the exact eligibility criteria for professional investors, the issuer's dealing calendar details, or the precise settlement timing beyond expected T+1. It also does not disclose the fund's expense ratio or historical performance. The source does not state whether the product is available in all jurisdictions where HashKey operates, nor does it provide information on tax implications.
Risk notes
- The product is classified as a complex product; 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.
- The product uses blockchain technology, which introduces technology-related operational risks, including cybersecurity and transaction processing risks.
- The fund may have sector concentration risk, and its performance may differ from the index due to fees and other factors.
- Subscription and redemption are not instantaneous; settlement may be delayed due to market disruption, operational issues, or non-dealing days.
- This article is for reference only to verify the official exchange announcement 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 on HashKey Exchange?
The product is available only to eligible professional investors who satisfy the applicable requirements of HashKey Exchange and the issuer. Clients must complete all applicable onboarding, suitability assessments, and regulatory requirements before transacting.
Can I trade SPXUX on the secondary market?
No. The announcement states that deposits and withdrawals to external wallets, transfers between HashKey Exchange users, and secondary market trading of SPXUX 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 SPXUX?
The platform subscription fee is 0%, and the platform redemption fee is 0.1%. The minimum subscription amount is 25 USDC.
How long does settlement take?
Subscription and redemption orders are expected to settle on T+1, subject to the issuer's dealing calendar, settlement arrangements, and operational processing. Orders submitted on U.S. public holidays or other non-dealing days may be processed on the next available dealing day.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.