MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds

KUALA LUMPUR: My EG Services Bhd and Zetrix Foundation are exploring a collaboration with Hong Kong-based virtual asset manager MaiCapital on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

In a joint statement, MYEG and Zetrix said they had inked a memorandum of understanding (MoU) to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

"The collaboration aims to provide investors with additional avenues for diversification across multiple cryptocurrencies, thereby helping to mitigate the risks and nd volatility associated with owning a single cryptocurrency," said MYEG managing director TS Wong.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MY EG , Zetrix , MaiCapital , ETF


Next In Business News

Focus Point on a growth path in FY24
Ringgit improves against US$ ahead of inflation data
Foreign inflow into domestic market persists at RM474.1mil net
FBM KLCI to see sideways trading ahead of corporate results
Trading ideas: Gamuda, Scientex, Malakoff, MSM, TRC, Silver Ridge, Eurospan, IOI, Maybank, Gas Malaysia, Sports Toto, MMHE
Engtex spurred by strong pipeline of new projects
Trafigura faces off against aluminium bulls
Next UK PM faces long wish list from CEOs
Spritzer aims to quench thirst for bottled water
Bets on risky CLOs are paying off with 20% gains

Others Also Read