UBS Crypto ETFs Are Now Available For Hong Kong Clients
According to BBG,Central bank digital wallet app Hong Kong clients are now able to trade UBS crypto ETFs. Three authorized ETFs will be accessible on UBSs platform. The crypto sector is recovering, with speculation of US spot Bitcoin ETFs.
UBS Group AG has joined other banks, including HSBC Holdings Plc, in allowing clients in Hong Kong to
trade crypto
Three crypto ETFs, namely Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures, have been authorized by the Securities and Futures Commission and will be accessible to wealthy clients on UBSs Hong Kong platform.
UBS Crypto ETFs Offering
The news comes as Hong Kong aims to establish itself as a digital-asset hub and rolled out a digital-asset regulatory regime on June 1. While the citys crypto push suffered a setback due to the recent blowup of the unlicensed
JPEX exchange
, Hong Kong has tightened scrutiny of the crypto industry through a joint task force between the SFC and the police.The crypto sector is slowly recovering from a market rout and high-profile collapses, and speculation about the US allowing spot Bitcoin ETFs has contributed to the price increase of the largest token this year.
Financial institutions, including DBS Group Holdings Ltd. and ZA Bank Ltd., are showing signs of growing engagement with the crypto economy. UBSs decision to allow clients to trade crypto ETFs further highlights the increasing interest and acceptance of cryptocurrencies in the financial industry.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Related Recommendations
- Matrixport Establishes Strategy XAUm Reserve, Remains Bullish on the Future of Tokenized Real
- TEAMZ Summit 2025 Official Agenda Announced – Key Sessions on the Future of Web3 & AI Confirmed
- Apple Acknowledges Security Vulnerability, Crypto Users at Risk
- What Impact Will the U.S. Presidential Election Have on the Crypto Industry?
- Australia begins second phase of tokenized asset and CBDC settlement trials with major banks
- Russia Establishes Legal Framework and Standards for Crypto Mining
- Multiple Solana ETF Applications to Face Initial Review Deadline on January 25, 2025
- Analyzing the Data: Current State of the GameFi Sector