Pre-market trading data shows that the Huaxia Bitcoin Spot ETF has surged over 3%, with the trading volume of Huaxia Ethereum Spot ETF surpassing 10 million Hong Kong dollars, and the trading volume of Huaxia Bitcoin Spot ETF exceeding 20 million Hong Kong dollars. Interest in Bitcoin spot ETFs is increasing in the market, with investors maintaining enthusiasm for cryptocurrency-related financial products.
The Huaxia Bitcoin Spot ETF (Stock Code: 3042) and Huaxia Ethereum Spot ETF (Stock Code: 3046) are financial products launched by Huaxia Fund (Hong Kong), providing investors with a way to invest in Bitcoin through traditional financial markets. Here's a detailed introduction to the Huaxia Bitcoin Spot ETF:
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Product
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Huaxia Bitcoin Spot ETF
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Huaxia Ethereum Spot ETF
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Code
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3042
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3046
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Product Type
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Exchange Traded Fund (ETF)
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Exchange Traded Fund (ETF)
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Tracking Index
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Reference rate of Bitcoin
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Reference rate of Ethereum
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Investment Objective
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Track CF Bitcoin Reference Rate (Asia Pacific)
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Track CF Ethereum/USD Reference Rate (Asia Pacific)
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Listing Location
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Hong Kong Stock Exchange Main Board
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Hong Kong Stock Exchange Main Board
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Base Currency
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USD
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USD
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Trading Currencies
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HKD, USD, CNY
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HKD, USD, CNY
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Lot Size
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100 fund units
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100 fund units
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Dividend Policy
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Does not distribute cash dividends
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Does not distribute cash dividends
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Management Fee
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0.99%
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0.99%
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Risk Level
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High volatility, correlated with Bitcoin price fluctuations
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High volatility, correlated with Ethereum price fluctuations
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Market Positioning
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Seen as the "gold" of the cryptocurrency market
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Seen as a platform due to its smart contract functionality
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Why can Huaxia Fund launch virtual asset spot ETFs?
Huaxia Fund's ability to launch virtual asset spot ETFs stems from its position as a leading ETF issuer in China, offering a diverse range of investment options including stocks, bonds, and index tracking, supported by a professional management team. The company prioritizes risk control, technological innovation, and delivering high-quality customer service and investment experiences.
As a subsidiary of Huaxia Fund, Huaxia Fund (Hong Kong) has been deeply rooted in the Hong Kong market for 16 years, emerging as one of the top ETF management companies in Hong Kong. Leveraging both international perspectives and local market knowledge, it provides diversified investment products and professional asset management services to global investors, while actively fulfilling its social responsibilities, projecting an image of corporate citizenship.
The recommendation to invest in Bitcoin spot ETFs via the uSMART platform includes the following reasons:
- Convenience: The uSMART platform offers a user-friendly interface, making it easy for investors to manage their investments.
- Diversity: In addition to Bitcoin spot ETFs, uSMART provides a variety of other cryptocurrency-related financial products, offering investors diverse choices.
- Real-time monitoring: Investors can monitor market dynamics and the performance of their portfolios in real-time on uSMART.
- Security: uSMART prioritizes user fund security, providing a secure trading environment and data protection measures.
How to place a trade on uSMART mobile application：
After logging into the uSMART SG APP, click on "Search" from the top right corner of the page. Enter the desired stock code to access the details page and review trading information and historical trends. Click on "Trade" at the bottom right corner, then select the "Buy/Sell" function. Finally, fill in the trading conditions and submit the order. The image operation guide is as follows:
This diagram is provided for illustrative purposes exclusively
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We have based this article on our internal research and information available to the public from sources we believe to be reliable. While we have taken all reasonable care in preparing this article, we do not represent the information contained in this article is accurate or complete and we accept no responsibility for errors of fact or for any opinion expressed in this article. Opinions, projections and estimates reflect our assessments as of the article date and are subject to change. We have no obligation to notify you or anyone of any such change. You must make your own independent judgment with respect to any matter contained in this article. Neither we or our respective directors, officers or employees will be responsible for any losses or damages which any person may suffer or incur as a result of relying upon anything stated or omitted from this article.
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