UBS Unveils Crypto Futures ETFs for Hong Kong’s Elite
In a strategic move to capitalize on the expanding crypto market in Hong Kong , UBS Group has reportedly initiated the offering of crypto -linked exchange-traded funds (ETFs). However, it is limited to specific clients, mirroring a similar initiative by its competitor, HSBC. As revealed by an insider to Bloomberg, affluent clients of UBS now have access to three crypto -related futures ETFs on the bank’s platform. These selected ETFs, namely Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs, have received approval from Hong Kong ’s Securities and Futures Commission. This marks a significant milestone in UBS ’s entry into the crypto currency investment landscape. UBS’s Crypto Offering The decision to allow high-net-worth clients to trade crypto -linked ETFs underscores UBS ’s commitment to maintaining a leading position in financial services innovation. The trio of offered ETFs caters to various aspects of the crypto cur...