The recent meteoric rise of Bitcoin has reignited investor enthusiasm across global markets, and Taiwan’s financial landscape is no exception. Over just two weeks, Bitcoin surged nearly 40%, edging closer to the symbolic $100,000 mark. What once seemed like an unattainable price is now viewed by many as a bargain—especially when considering long-term projections. Riding this wave is the 00909 ETF, officially known as the Caesar Digital Payment Services ETF, which has emerged as the closest proxy to Bitcoin exposure for local investors.
Since November, 00909 has climbed from NT$28.71 to NT$36.33, outperforming more than 200 other ETFs in Taiwan. Trading volume recently doubled, signaling strong institutional and retail interest. With the share price now stabilizing around the NT$35 level, market analysts anticipate a fresh wave of investors looking to “get on board” before further gains unfold.
Why 00909 Mirrors Bitcoin’s Performance
At its core, 00909 is designed to track companies deeply integrated into the digital asset ecosystem. Its portfolio includes firms involved in blockchain technology, cryptocurrency exchanges, and digital payment infrastructure. A key reason for its tight correlation with Bitcoin lies in its top holding: MicroStrategy, which accounts for 12.33% of the fund.
MicroStrategy is the world’s largest corporate holder of Bitcoin, with over 330,000 BTC accumulated at an average cost below $50,000 per coin. As Bitcoin's price climbs, so does MicroStrategy’s valuation—and by extension, the net asset value of 00909.
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Beyond MicroStrategy, the ETF includes other major players such as Coinbase, PayPal, Robinhood, and Block Inc., all of which benefit directly from increased crypto adoption and trading volume. This strategic composition allows investors to gain diversified exposure to the broader virtual currency ecosystem—not just Bitcoin itself.
Four Key Advantages of Investing in 00909 Over Direct Crypto Purchases
While buying Bitcoin outright may seem straightforward, it comes with significant barriers. Here’s why 00909 stands out as a more accessible and practical alternative:
1. Lower Entry Barrier
Acquiring one full Bitcoin currently requires over NT$10 million—placing it out of reach for most retail investors. In contrast, one board lot (1,000 shares) of 00909 costs approximately NT$35,000, making it nearly 100 times more affordable.
2. Simplified Access via Stock Market
Purchasing Bitcoin involves setting up accounts on cryptocurrency exchanges, navigating Know-Your-Customer (KYC) procedures, and managing wallet security—all of which can be daunting for beginners. With 00909, investors can buy and sell through their existing brokerage accounts using familiar stock market mechanics.
3. Built-In Diversification
Unlike holding a single cryptocurrency, 00909 offers exposure to a basket of 30 globally listed companies tied to blockchain and digital finance. This reduces reliance on any one asset or platform and spreads risk across multiple high-growth sectors.
4. Tax Efficiency for Taiwanese Investors
Taiwan plans to impose capital gains tax on direct cryptocurrency transactions. However, profits from buying and selling ETFs like 00909 on the local stock exchange are currently exempt from personal income tax—a significant advantage for long-term holders.
Market Sentiment and Institutional Demand
The growing popularity of 00909 isn’t just retail-driven. Institutional investors are also increasing allocations ahead of anticipated regulatory shifts. There's rising speculation that pro-crypto policies could emerge under new U.S. leadership, potentially including designating a dedicated crypto advisor within the administration or even adding Bitcoin to national strategic reserves.
Such developments could dramatically boost demand and legitimacy for digital assets worldwide. In this context, ETFs like 00909 serve as regulated gateways for conservative investors who want upside participation without operational complexity.
Data shows that investor participation in 00909 has jumped nearly 20% since November—a clear sign of accelerating momentum.
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Frequently Asked Questions (FAQ)
Q: Is 00909 a direct Bitcoin investment?
A: No. 00909 does not hold Bitcoin directly. Instead, it invests in global companies that derive revenue from blockchain, digital payments, and cryptocurrency trading platforms—offering indirect but closely correlated exposure.
Q: How often does 00909 pay dividends?
A: The fund distributes dividends semi-annually. However, due to its growth-oriented holdings, yield may vary year to year compared to traditional dividend-focused ETFs.
Q: Can I trade 00909 like a regular stock?
A: Yes. You can buy and sell 00909 during normal trading hours on the Taiwan Stock Exchange using any licensed securities broker—just like any other ETF or stock.
Q: What are the risks associated with investing in 00909?
A: The primary risk stems from its heavy exposure to volatile tech and crypto-related stocks. Regulatory changes, macroeconomic shifts, or declines in Bitcoin’s price can all impact performance.
Q: Does 00909 hedge against currency risk?
A: The fund is denominated in New Taiwan Dollars (NTD), but its underlying assets are primarily U.S.-listed companies in USD. Currency fluctuations between NTD and USD will affect returns.
Q: Are there similar ETFs available in other markets?
A: Yes. The U.S. offers spot Bitcoin ETFs (e.g., IBIT, FBTC), while some European funds focus on blockchain technology. However, 00909 remains unique in Asia for combining exchange operators, fintech innovators, and major crypto holders in one product.
Final Thoughts: A Strategic Gateway to the Digital Economy
As digital assets continue gaining mainstream traction, financial instruments like ETFs play a crucial role in bridging traditional investing with emerging technologies. For Taiwanese investors seeking exposure to Bitcoin, blockchain, and the broader virtual currency revolution—without navigating crypto exchanges or tax complications—00909 presents a compelling solution.
With its strong correlation to Bitcoin’s price movement, diversified holdings, ease of access, and favorable tax treatment, it’s no surprise that interest is surging. As prices stabilize near NT$35, many see this as an opportune entry point before the next leg of growth begins.
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