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.