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.
