MicroBit launches Hong Kong's first Bitcoin-gold ETF

Dual Listings and Active Structure

The ETF trades under two ticker codes: 3002.HK for Hong Kong dollar-denominated shares and 9002.HK for US dollar-denominated shares. This dual-listing approach expands access across regional investor bases.

Unlike passively managed index trackers, the fund uses active management with periodic rebalancing to maintain target allocations between Bitcoin and gold. This strategy allows the fund manager to adjust positioning based on market conditions rather than following a fixed index methodology.

In-Kind Bitcoin Redemptions

One of the more distinctive features is support for in-kind subscriptions and redemptions in Bitcoin for eligible market participants. This allows investors to deposit actual Bitcoin to create new ETF shares or redeem shares to receive Bitcoin directly, rather than requiring cash settlements. Eddid Securities and Futures Limited was appointed as a participating dealer for the fund.

Bridge Between Traditional and Digital Finance

MicroBit CEO Wilson Fung framed the product as a bridge between traditional finance and the Web3 ecosystem. The launch builds on MicroBit's earlier momentum — the firm introduced low-fee spot Bitcoin and Ether ETFs on August 21, 2025, roughly a year before this combined offering.

The timing reflects Hong Kong's growing appetite for crypto-linked financial products. Hong Kong approved its first spot Bitcoin and Ether ETFs in April 2024, establishing regulatory precedent for digital-asset-backed securities. The 0.5% management fee that MicroBit charged on its previous ETF offerings provides a rough benchmark for cost expectations on the new fund.