MicroBit Asset Management has formally listed the MicroBit Bitcoin and Gold Value ETF on the Hong Kong Stock Exchange, with a Hong Kong dollar counter at 3002.HK and a U.S. dollar counter at 9002.HK.
The company said the fund is Hong Kong’s first ETF to provide exposure to both Bitcoin and gold in one product. It is designed to let investors allocate to two value-oriented assets through a single listed vehicle and build a more diversified portfolio.
According to the product description, the ETF combines Bitcoin’s long-term virtual asset growth potential with gold’s position as a widely recognized store-of-value asset. MicroBit said gold may also help stabilize portfolio volatility while the fund captures opportunities tied to both asset classes.
BTC in-kind subscriptions and redemptions
The ETF supports in-kind subscriptions and redemptions using Bitcoin, giving eligible market participants a flexible mechanism to create and redeem ETF units with BTC.
Executive comments
Fung King Ting, chief executive officer of the MicroBit group, said: 「We are very honored to launch Hong Kong’s first Bitcoin-plus-gold ETF. In the current complex global macro environment, investor demand for inflation hedging and protection from geopolitical risks has risen sharply. This product represents a landmark combination of ‘digital gold’ and traditional hard currency. We are committed to helping investors capture the long-term development potential of Bitcoin as a virtual asset while also using gold to smooth portfolio volatility, giving investors a forward-looking and more diversified asset allocation tool. This issuance is not only an important milestone in MicroBit’s development, but also reflects our vision of connecting traditional finance with the Web3 ecosystem. We will continue to build forward-looking and resilient asset allocation tools for institutional and retail investors worldwide.」
MicroBit said it will continue exploring innovative investment solutions and aims to offer investors more diversified tools.
Company and licensing details
MicroBit Asset Management said it is a Hong Kong-headquartered investment management firm focused on virtual assets and frontier technology themes. Its stated client base includes institutional investors, family offices, high-net-worth individuals, and retail investors.
The company said it has been approved by the Hong Kong Securities and Futures Commission and holds Type 1, Type 4, and Type 9 licenses for regulated activities. It is also subject to additional terms and conditions imposed by the SFC for virtual asset fund managers, or VAFM.
Fund objective and risk disclosures
The filing describes the MicroBit Bitcoin and Gold Value ETF as a sub-fund of the MicroBit Fund Series (Hong Kong) Exchange Traded Funds Open-ended Fund Company. Its investment objective is to seek long-term capital growth by providing diversified exposure to digital and traditional store-of-value assets, namely Bitcoin and gold. The company said there is no guarantee the sub-fund will achieve its objective.
The disclosed principal risks include investment risk, active investment management risk, and a wide set of Bitcoin-related risks. Those include risks tied to Bitcoin and the Bitcoin industry, speculative characteristics, extreme volatility, unforeseeable risks, the degree of Bitcoin acceptance, concentration of ownership, fraud, market manipulation and security vulnerabilities, cybersecurity issues, the risk of potential manipulation of the Bitcoin network, regulatory risk, internet risk, fork risk, general virtual asset trading platform risk and contagion risk, illegal use risk, environmental and energy consumption risk, and political or economic crisis risk.
The disclosures also list gold market risk, futures contract risk, concentration risk in Bitcoin and gold, new product risk, risks related to virtual asset trading platforms, custody risk, differences in trading arrangements between listed and unlisted share classes, differences in cost mechanisms between listed and unlisted share classes, trading risk, trading-hour difference risk, reliance on market makers, early termination risk, and multi-counter risk.
MicroBit said investment involves risk and that past performance does not represent future performance. Fund prices may rise or fall, and investors may suffer all or a substantial portion of their investment losses. It said investors should not make investment decisions based solely on the material and should read the offering documents carefully, including product features and risk factors, before making any decision. Investors with questions should seek professional advice as needed.
The materials also state that authorization by the Hong Kong Securities and Futures Commission does not amount to an official recommendation. The document is for reference only and does not constitute an offer, a solicitation to buy or sell products, or advice to adopt any investment strategy. It was prepared by MicroBit Asset Management and has not been reviewed by the SFC or any other regulator.
The firm added that it does not guarantee the accuracy, timeliness, completeness, or reliability of the information it provides, and that all materials are supplied on an “as is” basis. The media contact email listed in the document is microbit_enquiry@web3.com.