Several crypto news outlets reported Monday that HSBC is giving its customers in Hong Kong access to bitcoin and ether ETFs, but they have in fact been able to trade such products since December. By JamieCrawleyCD
However, this appears to be something of an overreaction. HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since in December, as the bank allows trading of all publicly-listed ETFs.
Crypto ETFs debuted on the HKEX with the listing of the CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF . These wereToday's development would appear to be that HSBC customers can now also access these ETFs from the bank's investment platform. The overreaction to this modest development demonstrates the excitement in the crypto community for any and all adoption of cryptocurrency investments by mainstream institutions such as HSBC in major financial centers like Hong Kong.
Indeed, Hong Kong has been emerging as a potential global crypto hub in recent months with its Securities and Futures Commission
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