Zetrix Foundation, MY E.G. Services Berhad (MYEG), and MaiCapital, a licensed virtual asset manager in Hong Kong, have joined forces to launch a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products. This collaboration aims to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, consisting of a basket of cryptocurrencies, including Bitcoin and Zetrix, and potentially other suitable cryptocurrencies. The partnership aligns with MYEG’s strategic alliance with Web3Labs Hong Kong and Summer Capital, driving Hong Kong’s Web3 aspirations and positioning Zetrix as the preferred blockchain infrastructure for applications aligned with the Hong Kong government’s objectives. This timely collaboration comes as the SFC has begun granting approvals for spot bitcoin and ethereum ETFs to several asset managers.