Xiao Fei Asset Management Launches Bitcoin and Ethereum Spot ETFs

According to Hashkey, Hong Kong investment management company Xiao Fei Asset Management has officially listed two virtual asset spot ETFs on the Hong Kong Stock Exchange today, namely the MicroBit Bitcoin Spot ETF (03430) and the MicroBit Ethereum Spot ETF (03425). Among them, the Ethereum Spot ETF will stake up to 30% of Ethereum, and the staking returns after deducting related fees will be reinvested in the fund. Both ETFs have a management fee of 0.5%, making them competitively priced products among cryptocurrency spot ETFs listed in Hong Kong.