Hong Kong Launches First ETF Combining Bitcoin and Gold
Hong Kong's first ETF combining Bitcoin and gold has made its debut on the Hong Kong Stock Exchange (HKEX), trading in both HKD and USD. The actively managed fund, launched by MicroBit Capital Management, allows investors to gain exposure to two popular inflation hedges in one product.
The ETF aims to simplify investment management for both retail and institutional investors by bridging traditional finance with the Web3 ecosystem. A unique feature of this fund enables qualified participants to subscribe and redeem Bitcoin through in-kind transactions.
This launch follows MicroBit's earlier crypto ETF launches, building on Hong Kong's growing market for cryptocurrency exchange-traded funds.