Hong Kong Stock Exchange to List MicroBit Bitcoin and Ethereum Spot ETFs on the 21st
Summary
- The Hong Kong Stock Exchange announced it will list the MicroBit Bitcoin spot ETF and Ethereum spot ETF on the 21st.
- The annual management fee for both products is 0.5% of their net asset value (NAV), which is considered relatively low among currently listed crypto spot ETFs.
- The custody and management of the ETFs, as well as the segregation custody service and participating securities firms for the listing, are BOCI Prudential Trustee Limited, HashKey Exchange, and Hash Blockchain Limited, respectively.
The Hong Kong Stock Exchange (HKEX) will list the Bitcoin (BTC) spot ETF and Ethereum (ETH) spot ETF of the financial services firm 'MicroBit' on the 21st.
According to the crypto-specialized media outlet Odaily on the 14th, HKEX will list the MicroBit Bitcoin spot ETF and MicroBit Ethereum spot ETF on the 21st. The annual management fee for both products is 0.5% of their net asset value (NAV), which is relatively low compared to currently listed crypto spot ETFs.
The custodian and administrative operations of the two ETFs will be handled by BOCI Prudential Trustee Limited, while the crypto trading platform will be HashKey Exchange and the crypto segregation custody service will be provided by Hash Blockchain Limited.
Securities firms participating in the listing include China Merchants Securities (Hong Kong), Eight Securities and Futures, Mirae Asset Securities (Hong Kong), Huaying Oriental (Asia), Huasheng Capital Securities, and Victory Securities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
