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2 clusters · 4 sources · 2 days · First seen · Last updated

Bitcoin-related ETF product launches

Overview

Financial institutions are launching new exchange-traded products (ETFs) to provide Bitcoin exposure through diverse strategies.

In Hong Kong, MicroBit Capital Management Limited introduced the MicroBit Bitcoin & Gold Value ETF on the Hong Kong Stock Exchange. This fund combines Bitcoin and gold, offering both Hong Kong dollar and US dollar-denominated shares. It features support for in-kind subscriptions and redemptions in Bitcoin for eligible participants. CEO Wilson Fung described the product as a “bridge between traditional finance and the Web3 ecosystem.”

In the United States, Hedgeye Asset Management launched the Hedgeye Hedged Bitcoin ETF (HBIT) on the New York Stock Exchange. Rather than holding Bitcoin directly, the fund invests in U.S.-listed spot Bitcoin exchange-traded products. It employs a dynamic options overlay based on proprietary signals to manage volatility and downside risk, though the fund notes that these techniques may not always offset losses.

Entities

Hong Kong Stock Exchange · New York Stock Exchange · Wilson Fung · iShares Bitcoin Trust · BlackRock

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Hedgeye Asset Management launches hedged Bitcoin ETF

    Hedgeye Asset Management has launched the HBIT ETF, an actively managed fund that uses a dynamic options strategy to provide Bitcoin exposure with a focus on managing volatility and downside risk.

  2. 16 days ago

    [BUSINESS] 3 sources
    MicroBit launches Hong Kong’s first Bitcoin and gold ETF

    MicroBit Capital Management has launched Hong Kong’s first dual Bitcoin and gold ETF on the HKEX, offering active management and in-kind Bitcoin subscriptions for eligible investors.

Sources

blockchainreporter.net · cryptobriefing.com · stocktitan.net · thebruneian.news