HSBC Hong Kong now lets clients trade Bitcoin and Ether ETFsHSBC Hong Kong, the largest bank in the special administrative region of China, now lets all…

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HSBC Hong Kong now lets clients trade Bitcoin and Ether ETFs

HSBC The largest bank in Hong Kong, the special administrative region of China, now allows customers to trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the Stock Exchange of Hong Kong. HSBC Hong Kong has three crypto ETFs listed on its investment platform – the CSOP Bitcoin Futures ETF, the CSOP Ethereum Futures ETF and the Samsung Bitcoin Futures Active ETF, according to screenshots of the platform seen by The Block. Chinese crypto reporter Colin Wu first reported the news. HSBC Hong Kong did not immediately respond to The Block’s request for comment. The news means that Hong Kong-based users can now easily trade crypto ETFs at the bank. The development marks HSBC Hong Kong as the first bank in the region to allow trading in crypto ETFs, according to Wu, who says the ETF listing took place today. The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are both managed by CSOP Asset Management and track standardized, cash-settled Bitcoin futures contracts and Ether futures contracts, respectively, traded on the Chicago Mercantile Exchange (CME). Both ETFs were listed on the Stock Exchange of Hong Kong last December. The Samsung Bitcoin Futures Active ETF, on the other hand, launched this January and is managed by Samsung Asset Management Hong Kong.

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