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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...

Investment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29. Asset managers keep pursuing digital asset products, as Invesco and Galaxy Digital allegedly filed for a spot Ethereum (ETH) exchange-traded fund (ETF) on Sept. 29.  Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hasn’t been uploaded to the SEC’s public database at the time of writing. Invesco Galaxy just filed for a spot Ether ETF, I think this is the 3rd of 4th one of these, have to check tho.. pic.twitter.com/SIJVu8VzFk — Eric Balchunas (@EricBalchunas) September 29, 2023 A spokesperson for Invesco declined to confirm the application, stating that products still being registered cannot be commented on. Cointelegraph reached out to Galaxy, but did not immediately receive a response. With the Sept. 29 filing, Invesco and Galaxy join a growing line of investment managers seeking regulatory approval for...

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders can check their eligibility for this offering on the Coinbase Advanced platform. The commencement of actual trading for these users is slated for the upcoming weeks. The expansion continues… Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures f...