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MicroBit Bitcoin Spot ETF

Overview

Important Information

Important Information Content - Content to be provided by compliance later

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Fund Information As of 31 May 2025

Fund Inception Date 16 Jan 2020
SEHK Listing Date 17 Jan 2020
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year  0.68%
Distribution Frequency Annually at the Manager's discretion (May in each year).
NAV Per Share RMB $78.43

^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click  to learn more.

Index Information As of 31 May 2025

Underlying Index Solactive China Electric Vehicle and Battery Index NTR 2
Index Type Net Total Return
Base Currency RMB
Closing Level 2,143.15
Change -17.64
Change % -0.82%

Trading Information As of 31 May 2025

HKD Traded Units
USD Traded Units
Exchange Hong Kong Stock Exchange
Stock Code 2845
ISIN HK0000562659
Board Lot Size 50 Units
Trading Currency HKD
Base Currency RMB
Total Net Asset Value $1,002,647,804.40
Outstanding Units 11,700,000
Exchange Hong Kong Stock Exchange
Stock Code 9845
ISIN HK0000562642
Board Lot Size 50 Units
Trading Currency USD
Base Currency RMB
Total Net Asset Value $127,752,454.34
Outstanding Units 11,700,000

Investment Objective

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Why Invest in MicroBit Bitcoin ETF?

Price & Performance

ETF Prices

Intra-day Estimated NAV per Unit As of

HKD
USD
TimeEstimated NAV
TimeEstimated NAV

Market Information As of 31 May 2025

HKD
USD
  NAV Change %Change

Official NAV per Unit in USD

$78.57 $-0.78 -0.98%

NAV per Unit in HKD

$78.57 $-0.78 -0.98%

Market Closing Price in HKD

$78.57 $-0.78 -0.98%
  NAV Change %Change

Official NAV per Unit in USD

$10.95 $-0.11 -0.98%

Market Closing Price in USD

$10.95 $-0.11 -0.98%

Performance As of 31 May 2025

Cumulative Return Fund NAV (%) Benchmark (%)
1 Mth - -
3 Mths - -
6 Mths - -
1 Yr - -
YTD - -
Since Inception - -
Calendar Year Return Fund NAV (%) Benchmark (%)
2024 - -
2023 - -
2022 - -
2021 - -
2020 - -

Portfolio

All Holdings

Holding Ticker Net Assets (%) Market Price Market Value Units
           

Graph for TD

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Rolling 1 Year TD andTE

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HKD Counter (HKD)

-1.45%
Rolling 1 Year TD
0.13%
Rolling 1 Year TE

USD Counter (USD)

-1.46%
Rolling 1 Year TD
0.09%
Rolling 1 Year TE

Participating Dealers

Flow Traders Hong Kong Limited 

Jane Street Asia Trading Limited

Mirae Asset Securities (HK) Limited 

Optiver Trading Hong Kong Limited

Market Makers

Flow Traders Hong Kong Limited 

Jane Street Asia Trading Limited

Mirae Asset Securities (HK) Limited 

Optiver Trading Hong Kong Limited

Investor Eduction

巴菲特增持日股
打破數十年通縮魔咒
市帳率改革提振企業估值

第一支箭:巴菲特增持日股
2023年4月巴菲特12年以來首次訪問日本,其後屢次加倉,日股已成巴菲特海外投資最重倉,世界目光重新聚焦這一昔日亞洲老大。日本之行後,“巴菲特效應”顯著,吸引海外投資者的目光聚焦日本股市,多家機構大舉買入日本股票。


2020年:
巴菲特旗下的投資集團伯克希爾·哈撒韋公司宣佈買入日本五大商社 — 三菱商事、三井物產、伊藤忠商事、丸紅和住友商事各超5%的股份。

2022年:
持股比例分別提高至6%左右。

2023年4月:
巴菲特12年來首次訪問日本。
伯克希爾·哈撒韋公司在日本五大商社的持股比例增加到7.4%,這是該公司在美國以外的最大投資,且會繼續與它們合作。
巴菲特表示有意增加更多的日本股票持倉。

2023年11月:
伯克希爾・哈撒韋公司通過發行以日圓計價的債券籌集了相當於8.27億美元的資金,這引發他可能會向日本投入更多資金的預期。

 

資料來源:Nikkei Asia等媒體報道整理。

工資 — 通脹的良性循環有望將日本脫離長年的通貨緊縮,實現通脹和經濟的溫和可持續增長。日本政府2023年8月表示,25 年來對抗通貨緊縮的戰役,可能已經走到「轉捩點」。






資料來源:彭博。
核心CPI為除生鮮食品以外的居民消費價格指數,核心核心CPI為核心CPI再除去能源。

第三支箭:“市帳率改革”提振企業估值
日本股市估值長期處於低位,主因在於過多的賬面現金。為了改善有損股東價值的市帳率(股價淨值比)跌破1倍的情況,東京證券交易所在2023年3月出台了一項新規定“對於市帳率長期低於1倍以下的上市企業,要求其公佈具體的改善計劃”。具體建議包括:

  • 回購股票
  • 短期-增發分紅
  • 長期-提高收益能力

日本企業的分紅和股票回購總額達到歷史最高水平 5



 

 


5 資料來源:Nikkei analysis。2023財年的股票回購為推算數據。
僅作說明用途,不應被解釋為對上述司法管轄區或投資類型購買或出售的建議。

FAQs

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Footnotes

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