Terms of Service
Last updated on February 25, 2025
Acceptance of Terms of Service
These Terms of Service ("Terms of Service"), together with our Privacy Policy and Social Media Disclosure, govern your access to and use of the websites of Grayscale (Hong Kong), including the trusts and funds it sponsors and manages (collectively referred to as "Grayscale (Hong Kong)", "we", "us", or "our"), as well as your use of any services provided through these websites. Additional terms and conditions may also apply to specific parts, services, or features of the website. Any additional terms and conditions, policies, agreements, and disclosures mentioned herein or consented to by you are incorporated into these Terms of Service and, together with the Terms of Service hereafter, are collectively referred to as the "Agreement". Any additional components of this Agreement are hereby incorporated into these Terms of Service by reference. Please read these Terms of Service carefully.
By using these websites, you accept and agree to be bound by and comply with these Terms of Service and the Agreement. If you do not wish to agree to this Agreement or the Privacy Policy, you must not access or use the websites. Also note that the terms and conditions of these Terms of Service are in addition to any other agreements between you and Grayscale (Hong Kong) and/or its affiliates and agents, including any client agreement, and any other agreements governing your use of the products, services, content, tools, and information available on the Grayscale (Hong Kong) websites.
These websites are open to users aged 18 and above. By using these websites, you represent and warrant that you have reached the legal age to enter into a binding contract with us. If you do not meet all of these requirements, you must not access or use these websites.
Changes to the Terms of Service
Your use of the Grayscale (Hong Kong) websites is subject to the version of the Terms of Service in effect on the date of use. Grayscale (Hong Kong) may modify the Terms of Service at any time, in its sole discretion, without prior notice. All changes will become effective immediately upon our posting. By using and accessing any Grayscale (Hong Kong) website, you acknowledge and agree to review the most recent version of these Terms of Service before each use.
Your continued use and access to any Grayscale (Hong Kong) website constitutes your acknowledgment and agreement to the Terms of Service in effect at that time. You should check this page each time you visit these websites so that you are aware of any changes, as they are binding on you.
Access to the Website and Account Security
Grayscale (Hong Kong) reserves the right, in its sole discretion and without any obligation or notice requirement, to change, improve, or correct the information, materials, and descriptions on the Grayscale (Hong Kong) websites, and/or to suspend and/or deny access to any Grayscale (Hong Kong) website for scheduled or unscheduled maintenance, upgrades, improvements, or corrections. The information and materials on the Grayscale (Hong Kong) websites may contain typographical errors or inaccuracies. Any dated information is published only as of the date of publication, and Grayscale (Hong Kong) undertakes no obligation or responsibility to update or modify any such information. Grayscale (Hong Kong) may, at any time and without prior notice, discontinue or change any product or service described or offered on the website. Grayscale (Hong Kong) also reserves the right, in its sole discretion, to block or terminate your access to and use of the website at any time for any reason. You agree that Grayscale (Hong Kong) and its subsidiaries and affiliates will not be liable to you or any third party for any such modification, suspension, or discontinuance.
You are responsible for both:
Making all necessary arrangements for your access to the site.
Ensuring that all persons who access the website through your internet connection are aware of these Terms of Service and comply with them.
To access these websites or some of the resources they offer, you may be required to provide certain registration details or other information. A condition of your use of the website is that all information you provide is correct, up-to-date, and complete. You agree that all registration information you provide through these websites or otherwise, including but not limited to through the use of any interactive features on the website, is subject to our Privacy Policy, and you consent to all actions we take with respect to your information in accordance with the Privacy Policy.
Certain of our services and certain pages of the Grayscale (Hong Kong) websites are only accessible to clients or users to whom we have authorized access to such services and web pages. Such authorization may require the completion of a qualified investor questionnaire and satisfactory screening of background information. Unless otherwise stated, the information provided on these web pages is unaudited and may reflect estimates. If you are selected or provided with a username, password, or any other information as part of our security procedures, you must treat such information as confidential, and it is strictly prohibited to misuse or share the password or misuse any other information. You also acknowledge that your account is personal to you and agree not to provide any other person with the right to use your username, password, or other security information to access the website or any part thereof. Unauthorized use of any Grayscale (Hong Kong) website and/or our system is strictly prohibited, including but not limited to unauthorized entry into and/or attempts to enter Grayscale (Hong Kong)'s system and/or any restricted area of the Grayscale (Hong Kong) website. You agree that if you become aware of or suspect that the security of your password may have been compromised, or if you become aware of or suspect any other security breach related to any Grayscale (Hong Kong) website or your use thereof, you will notify us immediately. You further agree that you are responsible for any unauthorized use of your password prior to your notification to us, and that we have a reasonable opportunity to act on such notification. You also agree to ensure that you log out of your account at the end of each session. When accessing your account from a public or shared computer, you should exercise particular care so that others cannot view or record your password or other personal information.
We reserve the right to disable any username, password, or other identifier, whether chosen by you or provided by us, at any time and for any reason or no reason, including where we suspect it is being used in an unauthorized or fraudulent manner, or where we believe you have violated any provision of these Terms of Service.
Notwithstanding the above, you remain responsible for monitoring your use of the Grayscale (Hong Kong) websites and should promptly report any unauthorized or suspicious activity to us at [email protected].
Intellectual Property Rights
The website and all of its content, features, and functionality (including but not limited to all information, software, text, displays, images, videos, and audio, and their design, selection, and arrangement) are owned by Grayscale (Hong Kong) Corporation, its licensors, or other providers of such materials and are protected by Hong Kong and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.
You must not copy, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our website, except as follows:
When you access and view such materials, your computer may temporarily store copies of such materials in our computer memory system.
You may store files that are automatically cached by your web browser for display enhancement purposes.
You may print or download a reasonable number of pages of the website for your own personal, non-commercial use, provided that you do not use them for further reproduction, publication, or distribution.
You may distribute or redistribute screenshots or screen captures of publicly available materials on our website, provided that any such distribution or redistribution is accompanied by an attribution or citation confirming Grayscale (Hong Kong) as the source, and, where reasonable, a link to the location on the website where such materials are available.
If we provide certain content for social media features, you may take the actions permitted by such features.
You must not:
Modify copies of any materials on the website.
Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text.
Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials on the website.
If you wish to use materials on the website that are not listed in this section, please send your request to: [email protected].
If you violate the Agreement by printing, copying, modifying, downloading, or otherwise using or providing access to any part of the website to any other person, your right to use the website will immediately cease, and you must, at our option, return or destroy any copies of materials you have made. No rights, title, or interest in the website or any content on the website are transferred to you, and Grayscale (Hong Kong) reserves all rights not expressly granted. Any use of the website not expressly permitted by these Terms of Service violates these Terms of Service and may violate copyright, trademark, and other laws.
Prohibited Uses
You may only use the website for lawful purposes in accordance with the Agreement. You agree not to use these websites:
To distribute or facilitate the sending of any advertising or promotional materials, including any "spam," "chain letter," "junk mail," or any other similar solicitation, without our prior written consent.
To impersonate or attempt to impersonate Grayscale (Hong Kong) Corporation, a Grayscale (Hong Kong) Corporation employee, another user, or any other person or entity (including but not limited to using an email address associated with any of the foregoing).
To engage in any other conduct that restricts, prohibits, or interferes with anyone's use or enjoyment of the website, or that may, in our sole determination, harm Grayscale (Hong Kong) or the users of the website or expose them to liability.
For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way, such as by exposing inappropriate content to minors, soliciting personal identifying information, or otherwise.
In addition, you agree not to:
Use the Grayscale (Hong Kong) websites in any way that may disable, overload, damage, or impair any Grayscale (Hong Kong) website or interfere with any other party's use of the website, including their ability to engage in real-time activities through the website.
Scrape, data mine, and/or use any robot, spider, or other automated device, program, or means to access the website for any purpose, including monitoring or copying any material on the website.
Use any manual process to monitor or copy any material on the website without our prior written consent, or for any other purpose not expressly authorized in the Agreement.
Use any device, software, or program that interferes with the proper functioning of the website.
Introduce any virus, Trojan horse, worm, logic bomb, or other material that is malicious or technically harmful.
Attempt to gain unauthorized access to, interfere with, damage, or disrupt any part of the website, the server on which the website is stored, or any server, computer, or database connected to the website by hacking, password mining, or any other means.
Engage in any activity related to the Grayscale (Hong Kong) websites that violates these Terms of Service and/or any applicable law or regulation.
Attack the website by means of a denial-of-service attack or a distributed denial-of-service attack.
Otherwise attempt to interfere with the proper functioning of the website.
Monitoring and Enforcement; Termination
We reserve the right:
To take appropriate legal action against any illegal or unauthorized use of the website, including but not limited to referral to law enforcement authorities.
To terminate or suspend your access to all or part of the website for any reason, including but not limited to violation of these Terms of Service.
Without limiting the foregoing, we reserve the right to cooperate fully with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone who submits any materials on or through the website. You waive and hold Grayscale (Hong Kong) and its affiliates, licensors, and service providers harmless from any claims arising from any actions taken by any of the foregoing parties during an investigation, or from any actions taken as a result of an investigation by any of the foregoing parties or law enforcement authorities.
We are not liable for any act or omission in connection with any transmission, communication, or content provided by any user or third party. We assume no liability for any person's performance or non-performance of the activities described in this section.
Reliance on Published Information
The information provided on or through the website is for general information purposes only and should not be taken as a prediction or forecast. We do not guarantee the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is entirely at your own risk. We disclaim all liability for any reliance by you or any other visitor to the website, or by anyone who may be informed of any of its contents, on such materials.
These websites include content provided by third parties, including materials provided by other users, bloggers, and third-party licensors, aggregators, and/or reporting services. All statements and/or opinions expressed in such materials, as well as all articles and answers to questions and other content, except for the content provided by Grayscale (Hong Kong), are entirely the views and responsibility of the individuals or entities providing such materials. Such materials do not necessarily reflect the views of Grayscale (Hong Kong). We are not responsible to you or any third party for the content or accuracy of any materials provided by any third party.
Linking to the Website and Social Media Features
You may link to our home page or other pages on our website, provided that you do so fairly and lawfully and do not damage our reputation or take advantage of our reputation, but you must not create a link in any way that suggests any form of association, approval, or endorsement on our part without our express written consent.
The website may provide certain social media features that enable you to:
Link from your own website or certain third-party websites to certain content on the website.
Send an email or other communication containing specific content or a link to specific content on the website.
Cause a limited portion of the content of the website to be displayed or appear to be displayed on your own website or certain third-party websites.
You may only use these features as we provide them, only with respect to the content for which they are displayed, or as otherwise provided in any additional terms and conditions we provide with respect to these features. Subject to the foregoing, you must not:
Create a link from a website that is not your own.
Cause the website or any part thereof to be displayed or appear to be displayed on any other website, such as by framing, deep linking, or inline linking, without our written permission.
Otherwise, take any action with respect to the materials on the website that is inconsistent with any other provision of these Terms of Service.
You agree to cooperate with us to immediately cease any unauthorized framing or linking. We reserve the right to revoke the permission to link, without notice.
We may disable all or any social media features and any links at any time, without notice. You acknowledge and agree that our social media activities and those of our related persons, as well as your interactions with us on social media, are subject to the Grayscale (Hong Kong) Social Media Disclosure.
Links from the Website
If the website contains links to other websites and resources provided by third parties, these links are provided for your convenience only. We have no control over the content of those websites or resources and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any of the third-party websites linked to from this website, you do so entirely at your own risk and subject to the terms and conditions of use of such websites.
Geographic Restrictions
The owner of these websites is located in Hong Kong, China. We make no claim that these websites or any of their content are accessible or appropriate outside of Hong Kong. It may be technically impossible or illegal for certain persons or in certain countries to access the website. If you access these websites from outside of Hong Kong, you do so on your own initiative and are responsible for compliance with local laws. Any fund, security, derivative, crypto asset, or other financial instrument discussed on the website must not be offered or sold to any person in any jurisdiction where such offer, solicitation, purchase, or sale is illegal under the laws of that jurisdiction. It is strictly prohibited to circumvent any geographic or personal restrictions of the website through IP spoofing, VPN, TOR, or other similar technologies, or to use different devices or IP addresses to circumvent any geographic or personal restrictions of the website.
Waiver
You understand that we cannot and do not guarantee or warrant that files available for download from the Internet or the website are free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our website for the reconstruction of any lost data.
Unless otherwise stated, the information provided on the website may reflect estimates, is unaudited, is subject to change, and should not be relied upon for making investment decisions. All investments involve risks, and we do not guarantee that any investment discussed on the website will not depreciate. You agree to read any prospectus, offering document, or other similar materials related to any investment before purchasing any shares of any investment fund. You agree that you are well-versed in any crypto asset or related technology, and we disclaim all liability for any unexpected behavior or malfunction of such technology or in connection therewith.
To the maximum extent permitted by law, we will not be liable for any loss or damage caused by any distributed denial-of-service attack, virus, or other technically harmful material that may infect your computer device, computer program, data, or other proprietary material as a result of your use of the website or any services obtained through the website, or the downloading of any material posted on the website or on any website linked to the website.
The risk of using the website, its content, and any services obtained through the website is borne by you. The website, its content, and any services obtained through the website are provided on an "as is" and "as available" basis, without any warranties of any kind, either express or implied. Grayscale Corporation or any person associated with Grayscale Corporation makes no warranty or representation regarding the integrity, security, reliability, quality, accuracy, or availability of the website. Without limiting the foregoing, Grayscale (Hong Kong) or any person associated with it does not represent or warrant that the website, its content, or any services obtained through the website will be accurate, error-free, or uninterrupted, that defects will be corrected, or that our website or the server that makes it available is free of viruses or other harmful components.
To the maximum extent permitted by law, Grayscale (Hong Kong) hereby disclaims any and all warranties of any kind, whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement, and fitness for a particular purpose.
The foregoing provisions shall not affect any warranties that cannot be excluded or limited under applicable law.
Limitation of Liability
To the maximum extent permitted by law, under no circumstances shall Grayscale (Hong Kong), its affiliated companies, or its licensors, service providers, employees, agents, distributors, or directors be liable for any form of damage arising from or in connection with your use of or inability to use this website, any website linked to this website, or any content on this website or such other websites (including any direct, indirect, special, incidental, consequential, or punitive damages, including but not limited to personal injury, pain and suffering, loss of life, mental distress, loss of income, loss of profit, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data), and regardless of whether such damage is caused by tort (including negligence), breach of contract, or other reasons, even if such damage is foreseeable.
The above limitation of liability shall not apply to liabilities resulting from our gross negligence or willful misconduct.
The foregoing provisions shall not affect any liability that cannot be excluded or limited under applicable law.
Investment-Related Disclosures
Grayscale (Hong Kong) products are not bank deposits and are not insured or guaranteed by a deposit insurance company, a securities investor protection company, or any other government agency, bank, or group (including us). Investments in digital assets are speculative investments with a high level of risk, including the partial or total loss of the invested funds. Investments in digital assets are not suitable for any investor who cannot afford to lose the entire investment. It is strongly recommended that you carefully consider the investment objectives, risks, fees, and expenses of any investment product before investing.
This information should not be taken as research, investment advice, or a recommendation regarding any product, strategy, or any specific investment. This material is provided solely for illustrative, educational, or informational purposes and is subject to change. This content does not constitute an offer or solicitation to sell or buy any securities in any jurisdiction where such an offer or solicitation is illegal. The information contained herein is not sufficient to make an investment decision, and any information contained herein should not be used as the basis for such a purpose.
This content does not constitute advice and does not take into account the specific investment objectives, financial situation, or needs of investors.
Investors should not construe this content as legal, tax, or investment advice and should consult their advisors regarding investments in digital assets. The prices and values of the assets mentioned in this content, as well as the income derived therefrom, may fluctuate. Past performance is not indicative of the future performance of any asset mentioned herein. Exchange rate fluctuations may have an adverse impact on the value, price, or income of certain investments.
Certain statements contained on the website may be statements of future expectations and other forward-looking statements. These statements are based on the views and assumptions of Grayscale and involve known and unknown risks and uncertainties that may cause actual results, performance, or events to differ materially from those expressly or impliedly stated in these statements. In addition to statements that are forward-looking in nature due to the context, words such as "may, will, should, can, could, expect, plan, intend, anticipate, believe, estimate, predict, potential, projected, or continue" and similar expressions also identify forward-looking statements. Grayscale (Hong Kong) has no obligation to update any forward-looking statements contained on the website, and you should not place undue reliance on such statements, which are only effective as of the date of publication of this document. Although Grayscale (Hong Kong) has taken reasonable measures to ensure the accuracy of the information contained herein, Grayscale (Hong Kong) makes no express or implied representation or warranty as to its accuracy, reliability, or completeness (including liability to third parties). You should not make any investment decisions based on these estimates and forward-looking statements.
There is no guarantee that the market conditions over a past period will continue in the future. On the contrary, it is most likely that future market conditions will differ significantly from past market conditions, which may have a significant adverse impact on future returns. There is no statement indicating that any account will or may achieve profits or losses similar to those shown. Past performance is not indicative of future results. We have selected the time frame for analysis because we believe it generally constitutes the most complete historical data set of the digital assets we have chosen to analyze.
Indemnification
You agree to defend, indemnify, and hold Grayscale (Hong Kong), its affiliated companies, licensors, and service providers, and their respective officers, directors, employees, contractors, agents, licensors, distributors, successors, and assigns harmless from and against any and all claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorney's fees) arising from or in connection with your violation of these Terms of Service, or your use of the website, the content, services, and products of the website (except as expressly authorized in the Agreement), or your use of any information obtained therefrom.
Governing Law and Jurisdiction
All matters relating to the website and these Terms of Service, and any disputes or claims arising out of or in connection therewith (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the laws of Hong Kong, without regard to any choice or conflict of law provisions or rules (whether of Hong Kong or any other jurisdiction).
Any legal action, suit, or proceeding arising out of or in connection with these Terms of Service or the website shall be brought only in the courts of Hong Kong, provided that we reserve the right to bring any action, suit, or proceeding against you for violation of these Terms of Service in your country of residence or any other relevant country. You waive any and all objections to the exercise of jurisdiction over you by such courts and to a trial in such courts.
Arbitration
Grayscale (Hong Kong) may, at its sole discretion, require you to submit any dispute arising out of or in connection with these Terms of Service or the use of the website, including any dispute arising out of or in connection with its interpretation, violation, invalidity, non-performance, or termination, to final and binding arbitration in accordance with the arbitration rules of the applicable Hong Kong Institute of Arbitrators.
Time Limit for Filing a Claim
Any lawsuit or claim that you may have arising out of or in connection with these Terms of Service or the website must be commenced within one year after the cause of action accrues; otherwise, the cause of such lawsuit or claim shall be permanently barred.
Waiver and Severability
No waiver by Grayscale (Hong Kong) of any provision or condition set forth in these Terms of Service shall be deemed a further or continuing waiver of such provision or condition, or a waiver of any other provision or condition, and Grayscale (Hong Kong)'s failure to assert a right or provision under these Terms of Service shall not constitute a waiver of such right or provision.
If any provision of these Terms of Service is held to be invalid, illegal, or unenforceable for any reason by a court or other tribunal of competent jurisdiction, such provision shall be struck or limited to the minimum extent necessary so that the remaining provisions of these Terms of Service shall continue in full force and effect.
Entire Agreement
These Terms of Service, our Privacy Policy, and any other relevant parts of this Agreement constitute the entire and exclusive agreement between you and Grayscale (Hong Kong) with respect to the website and supersede all prior and contemporaneous written and oral understandings, agreements, representations, and warranties regarding the website.
Your Comments and Concerns
These websites are operated by Grayscale Investment (Hong Kong) Limited.
All other feedback, comments, requests for technical support, and other communications related to the website should be sent to: [email protected].