HSBC Hong Kong has opened up customers to buy and sell Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange on its platform. According to Wu Shuo Blockchain’s report, HSBC is the first bank in Hong Kong to allow crypto ETF trading. Currently, three funds are available on the platform: CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF. make decisions.
SCOOP: HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong. pic.twitter.com/vH0LieSVGw
— Wu Blockchain (@WuBlockchain) June 26, 2023
HSBC offers three Bitcoin and Ethereum-related ETFs
HSBC Hong Kong currently offers three funds to choose from, namely CSOP’s Bitcoin Futures ETF and Ethereum Futures ETF, as well as Samsung Bitcoin Futures Active ETF. All three funds are futures ETFs. They are listed on the Hong Kong Stock Exchange. Listed, tracking the CME Bitcoin futures and Ethereum futures. The table below has our complete comparison.
資料整理自：MoneyDJ
Regarding the differences between futures and spot ETFs, Chain News also gave a complete introduction: What is the difference between Bitcoin spot ETFs and futures ETFs? Does BlackRock's Shared Oversight Agreement Have a Chance of Taking Top Spot ETFs?
Hong Kong actively supports the encryption industry
Hong Kong has recently been actively promoting the encryption industry. According to previous reports, the Hong Kong branches of Bank of Communications, Bank of China and Shanghai Pudong Development Bank have investigated related businesses or have begun to provide services to cryptocurrency companies; Hong Kong’s largest virtual bank “Zhongan” "Bank" will provide legal currency withdrawal channels to the Hong Kong Exchange; and Hong Kong's encryption supervision will also officially go into effect on June 1, allowing retail consumers to also use the services of licensed exchanges, but the exchange will assume the responsibility of protecting retail investors .
According to Wu Shuo Blockchain’s report, HSBC Hong Kong has launched a virtual asset investor education center. Investors need to read and confirm the education of the virtual asset investor education center before investing in any virtual asset related products through the HSBC Hong Kong Easy Invest app. Only when the materials and risks are disclosed can you place an order.
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