HSBC has allowed its clients to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange.
The crypto market continues to rise with Bitcoin ETF news. Another remarkable news of the day came from the Asian region. Banking giant HSBC has allowed the trading of Bitcoin ETF and Ethereum ETF in Hong Kong. HSBC customers will have access to digital asset products.
HSBC Attracts Attention With Its Crypto Step In Hong Kong
Banking giant HSBC has launched Bitcoin and Ethereum ETF trading for clients in Hong Kong. HSBC customers will be able to trade Bitcoin and Ethereum ETFs through the bank. Also, HSBC was the first bank in Hong Kong to allow it.
With this new move by HSBC as a bridge to crypto, it will be easier for Hong Kong residents to trade on ETFs. Cryptocurrency ETFs listed in Hong Kong include the CSOP Bitcoin Futures ETF, the CSOP Ethereum Futures ETF, and the Samsung Bitcoin Futures. HSBC customers will be able to trade on these active ETFs.
The process, which started with BlackRock’s spot Bitcoin ETF application, evolves to another place with the involvement of one of the traditional finance giants, HSBC. The crypto market is preparing for a new cycle.
ETF products were the highest inflows in recent times. Institutions have begun to enter the crypto industry through ETFs.
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