MicroBit Launches Hong Kong's First Bitcoin and Gold ETF on HKEX
Bitcoin (BTC)
Editor:
Eugene Serbin
Manilatimes.net reports that MicroBit Capital Management Limited has launched the MicroBit Bitcoin and Gold Value ETF on The Stock Exchange of Hong Kong Limited. This instrument, trading under HKD Counter 3002.HK and USD Counter 9002.HK, is the first in Hong Kong to combine exposure to both bitcoin and gold. The fund aims to merge bitcoin's digital potential with gold's traditional role as a store of value to diversify portfolio volatility.
It allows for in-kind subscriptions and redemptions specifically in bitcoin, offering flexibility to eligible market participants. Wilson Fung, Chief Executive Officer of MicroBit Group, stated that the launch marks a milestone in bridging traditional finance and the Web3 ecosystem. He noted that the fund provides a forward-looking, diversified allocation tool for investors.
MicroBit is licensed by the Securities and Futures Commission for Type 1, Type 4, and Type 9 activities. The ETF is authorized by the SFC but does not constitute an official recommendation of the product. The issuer remains solely responsible for the content of the announcement.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Bitcoin is trading at $79,023.75 on Binance spot, with buy ratios of 44.7% over the last hour and 43.0% over four hours compared to 49.9% in the last 24 hours. This decline in buy ratios indicates that buying pressure is fading relative to the daily average. Volume deltas are negative across all timeframes, with -$9,605,302 in the last hour and -$13,495,762 over four hours. The cumulative volume delta for the 24-hour period is -$64,526,673, showing that sellers have dominated the flow. Net buying occurred in only 10 of the last 24 hours, with a total spot volume of $1,148,236,056. These metrics suggest a shift toward net outflows and reduced aggressive buying activity.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.6%, making the current 24-hour ratio of 49.9% slightly below the weekly norm. The 24-hour volume of $1,148,236,056 represents 0.54x the average volume, indicating a significantly quieter trading day. While net buying occurred on 6 of the last 7 days, the recent hourly and four-hour data shows a distinct cooling off. The price increased by 14.0% over the eight-day period, supported by a total volume delta of +$445,688,281. This suggests that despite lower recent volume, the broader weekly trend remains positive.