ChinaAMC Bitcoin ETF
SpotOverview: The ChinaAMC Bitcoin ETF is a Hong Kong spot Bitcoin ETF offering three currency counters: 3042 (HKD), 9042 (USD), and 83042 (RMB).
Investment Focus: Directly invests in physical Bitcoin, tracking the CME Bitcoin Reference Rate.
Accessibility: Trades on HKEX, the only Bitcoin ETF offering a RMB-denominated counter.
Management and Fees: 0.99% expense ratio.
Background: China Asset Management (Hong Kong) Limited is the Hong Kong subsidiary of ChinaAMC, one of China's largest asset managers with over $280 billion in AUM.
Bitcoin ETFs: Launched one of the first three spot Bitcoin ETFs in Hong Kong on April 30, 2024, with three currency counters (HKD, USD, RMB).
Regulation: Authorized by Hong Kong's SFC.
Custody: BOCI-Prudential Trustee with OSL Digital Securities as virtual asset sub-custodian.