According to Wu, Zetrix Foundation and MYEG have signed a memorandum of understanding with MaiCapital, a licensed virtual asset management company in Hong Kong, to cooperate in launching virtual asset funds or virtual asset exchange-traded fund (ETF) products in Hong Kong. The focus of the memorandum is to cooperate in issuing an exchange-traded fund (ETF) approved by the Hong Kong Securities and Futures Commission (SFC), which will include a basket of cryptocurrencies such as Bitcoin and Zetrix, and possibly other suitable cryptocurrencies.
The collaboration comes after MYEG-developed Zetrix announced a strategic alliance with Web3Labs Hong Kong and venture capital firm Summer Capital.