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In large bowl add flour, sugar, cocoa powder and yeast. Mix until well combined.
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In saucepan on low heat, add butter and half portion of milk. Cook until butter is completely melted.
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Remove from heat and mix in remaining milk and allow to cool so yeast can activate.
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Add milk and eggs to dry ingredients. Using hand mixer or a stand mixer, mix dough until wet ingredients are incorporated and dough is smooth and slightly sticky.
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Add chocolate chips to dough. Using hands, knead dough until chocolate chips are mixed in dough.
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Shape dough into ball and cover bowl with plastic wrap.
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Add bowl to warm area and let dough rise for about 1 hour or until it doubles in size.
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Lightly grease a 9×13-in baking dish or baking sheet.
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Divide dough into 12 equal pieces. Roll each piece into ball and add them to baking dish.
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Cover baking dish with plastic wrap and set aside for about 30 minutes until dough balls double in size.
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Meanwhile, mix the egg yolk with water. Once risen, brush dough balls with egg yolk.
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Make chocolate icing in small bowl with cocoa powder, agave syrup and flour. Mix until well combined and chocolate syrup is formed.
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Add icing to piping bag and trace crosses over dough balls.
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Bake hot cross buns at 350 degrees F for about 20 minutes or until toothpick comes out clean.
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Serve warm with butter. Store in an airtight container for about 3- 4 days.