Eddid Financial has been appointed as a participating dealer for MicroBit’s newly launched Bitcoin and Ether spot exchange-traded funds (ETFs), expanding its role in the city’s regulated digital asset market.
The appointment, granted to Eddid’s subsidiary, Eddid Securities and Futures, positions the firm among a small group of institutions in Hong Kong authorized to facilitate both cash and in-kind subscription and redemption services across all listed virtual asset spot ETFs.
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MicroBit’s Bitcoin Spot ETF (3430.HK) and Ether Spot ETF (3425.HK) debuted today on the Hong Kong Stock Exchange, marking another milestone in the city’s push to integrate virtual assets into mainstream finance. The products, licensed under Hong Kong’s Securities and Futures Commission (SFC), aim to attract institutional and retail investors seeking regulated exposure to crypto assets.
MicroBit, which holds Type 4 (advising on securities) and Type 9 (asset management) licenses, has built its ETF strategy around AI-driven trading systems designed to optimize returns and risk management. The launch is expected to deepen liquidity and strengthen Hong Kong’s position as a hub for regulated crypto investment.
Eddid Financial said the appointment highlights its institutional-grade trading, clearing, and liquidity management capabilities, reinforcing its leadership in the virtual asset services sector.
Dr. Ricky Yeung, Head of Virtual Assets at Eddid Financial, said the firm will focus on integrating execution, risk management, and innovation to ensure secure and efficient ETF services.
“Supporting the listing of MicroBit’s Bitcoin and Ether Spot ETFs demonstrates our commitment to delivering professional and compliant solutions for institutional investors,”
he said.
The development comes as Hong Kong steps up efforts to attract digital asset firms and investors, with spot ETFs positioned as a key entry point for broader crypto adoption under the city’s regulatory regime. At the same time, the SFC has introduced tougher custody rules for licensed virtual asset trading platforms (VATPs), tightening safeguards on client holdings in response to a series of high-profile breaches at overseas exchanges.
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