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Crypto

Eddid Financial Appointed Participating Dealer for MicroBit Bitcoin-Gold ETF

Guavy AI Editorial Team
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BTC
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Eddid Financial has taken on a participating dealer role in MicroBit's Bitcoin and Gold Value ETF.

This means Eddid Securities and Futures Limited can create and redeem ETF shares directly with the issuer, which is important for managing supply to meet demand and keeping the fund's market price close to its net asset value.

The MicroBit product pairs two assets with different trading profiles: gold as a low-volatility store of value and bitcoin with higher drawdowns and beta.

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