UBS joins HSBC in offering crypto futures ETFs to wealthy clients in Hong Kong
Swiss multinational investment bank UBS Group is set to enable select high-net-worth clients in Hong Kong to trade crypto-linked exchange-traded funds (ETFs). The move is aimed at keeping pace with its competitor, HSBC, which has already incorporated three crypto-related futures ETFs on its investment platform in the city. The authorized ETFs, including Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures, have received the green light from Hong Kong’s Securities and Futures Commission. UBS following in HSBC’s footsteps The largest bank in Hong Kong, HSBC, has long been a participant in the crypto market. It recently announced that it would start offering Bitcoin and Ethereum ETFs in Hong Kong. The strategic move by UBS underscores the growing importance of crypto currencies in the financial sector and reflects the increasing demand from high-net-worth individuals for exposure to digital assets. Crypto regulation framework i...
