On August 22, MicroBit Asset Management announced the listing of two virtual asset spot ETFs on the Hong Kong Stock Exchange. The launches comprise the MicroBit Bitcoin Spot ETF (HKD: 3430.HK; USD: 9430.HK) and the MicroBit Ethereum Spot ETF (HKD: 3425.HK; USD: 9425.HK).
Both funds carry a 0.5% management fee and are structured as spot ETFs to provide investors with direct exposure to the underlying digital assets through exchange-listed fund shares, in line with standard market conventions for spot-listed products.
The simultaneous availability of dual-currency counters (HKD and USD) aims to enhance liquidity and accessibility for local and international investors, with the specified tickers facilitating secondary-market trading on the exchange.
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Source: https://en.coinotag.com/breakingnews/microbit-bitcoin-spot-etf-lists-on-hong-kong-exchange-3430-hk-9430-hk-with-0-5-fee/