Swiss bank UBS’ wealthy clients can now take exposure to three crypto exchange-traded funds (ETFs) through the lender’s Hong Kong platform, according to a Bloomberg report citing a person familiar with the matter.
The three crypto ETFs, Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs, are all authorized by Hong Kong’s securities regulator, the Securities and Futures Commission (SFC). Together, the three products boast assets worth around $72 million.
Significantly, the news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital assets custody service for institutional clients.
In the past few days, Hong Kong has moved towards