Xiaofei Asset Management launches Bitcoin spot ETF and Ethereum spot ETF

MicroBit Asset Management (MicroBit), a Hong Kong-based investment management company specializing in crypto assets, officially listed two crypto spot ETFs on the Hong Kong Stock Exchange today: the MicroBit Bitcoin Spot ETF (03430) and the MicroBit Ethereum Spot ETF (03425). The Ethereum Spot ETF will stake up to 30% of its ether holdings, with the proceeds from staking reinvested in the fund after deducting relevant fees. Both ETFs carry a 0.5% management fee, making them among the most cost-competitive cryptocurrency spot ETFs listed in Hong Kong.