Bitcoin spot ETFs have been getting a lot of attention in the cryptocurrency industry lately, especially in the US where “colossal” companies have filed with the SEC to secure such a product.
However, the first big move has finally come from Hong Kong, as HSBC, the city’s largest bank, has begun allowing its customers to buy and sell Bitcoin and Ethereum ETFs.
This is a pivotal development for the cryptocurrency industry, as HSBC has become the first bank in Hong Kong to make such an offer and is expected to expand Hong Kong residents’ access to cryptocurrencies.
Currently, investors in the Hong Kong market have the opportunity through HSBC to choose cryptocurrency ETFs such as the CSOP Bitcoin Futures ETF, the CSOP Ethereum Futures ETF and the Samsung Bitcoin Futures Active ETF.
The “Virtual Asset Investor Education Centre”
Along with the news about HSBC’s Bitcoin and Ethereum ETFs, Chinese journalist, Colin Wu, revealed that HSBC has also gone a step further by creating the Virtual Asset Investor Education Centre, which is an investor education centre for virtual assets, namely cryptocurrencies.
Specifically, Wu wrote on Twitter:
“At the same time, HSBC has launched the Virtual Asset Investor Education Centre, whereby investors must read and confirm educational materials and risk disclosures before investing in cryptocurrency-related products via a dedicated app.”
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