The Hong Kong Stock Exchange has announced that MicroBit's Bitcoin Spot ETF (03430) and MicroBit Ethereum Spot ETF (03425) have received approval from the Securities and Futures Commission as collective investment schemes, and are expected to commence trading on the Hong Kong Stock Exchange on August 21, 2025 (Thursday), with inclusion in the list of designated securities eligible for short selling.

According to HKEX documents, both ETFs will charge an annual management fee of 0.5% of net asset value, representing one of the lowest fee levels among existing cryptocurrency spot ETFs. Bank of China International and Prudential Trust will serve as custodian and administrator, with HashKey Exchange as the virtual asset trading platform and Hash Blockchain Limited as the virtual asset sub-custodian.

The Bitcoin ETF will track the "CME CF Bitcoin Reference Rate - Asia Pacific Version" index, while the Ethereum spot ETF will track the "CME CF Ether-USD Reference Rate - Asia Pacific Version."

Participating dealers include China Merchants Securities (Hong Kong), Eddid Securities & Futures, Mirae Asset Securities (Hong Kong), China Renaissance (Asia), FUTU Securities, and Victory Securities.

Following the listing of six cryptocurrency spot ETFs last year and the Pando Bitcoin Spot ETF (02818) last month, the addition of MicroBit's two upcoming virtual currency spot ETFs will bring the total number of cryptocurrency spot ETFs in the Hong Kong market to nine.