Swiss bank UBS has unveiled a crypto ETF offering in Hong Kong.
Its wealth management clients will be able to access three crypto spot ETFs recently authorised by the Securities and Futures Commission (SFC) – namely the Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs.
The move from UBS comes just days after the SFC stated that it was considering making crypto ETFs accessible to retail investors.
At her first international press conference since her appointment in January, SFC chief executive Julia Leung expressed her willingness to embrace new technology and digital asset management.
“We welcome proposals using innovative technology that boosts efficiency and customer experience,” she said. "We’re happy to give it a try as long as new risks are addressed. Our approach is consistent regardless of the asset.”
In June, Hong Kong introduced a new licensing regime for virtual asset service providers, further underlining its ambition to establish itself as a crypto trading hub for the region.
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