According to a report by [Bloomberg](https://www.bloomberg.com/news/articles/2023-11-09/ubs-allows-wealthy-clients-to-trade-crypto-btc-etfs-in-hong-kong?srnd=cryptocurrencies-v2&sref=3REHEaVI), Swiss wealth manager UBS Group AG will allow clients to trade certain crypto exchange-traded funds (ETF) on its Hong Kong platform.

The ETFs that can be traded are Samsung Bitcoin Futures Active ETF, CSOP Bitcoin Futures ETF, and CSOP Ether Futures ETF. These three products have a combined worth of around $72 million USD. 

However, only clients with at least $2 million USD in investable assets can trade these ETFs through UBS Hong Kong. 

Despite China’s ban on crypto trading, Hong Kong has taken steps to become a hub for digital assets. In June, Hong Kong began accepting applications for licenses to operate crypto trading platforms. 

The three ETFs that can be traded in UBS Hong Kong are authorized by the Securities and Futures Commission, Hong Kong’s securities regulatory body. 

Clients with at least $2 million USD in investible assets can trade three crypto ETFs.


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Sun Nov 12 2023 Bloomberg: UBS Group Allows Hong Kong Crypto ETF Trading for Big Ticket Investors

FTX’s Bankruptcy Estate Sold $1 Billion of Grayscale’s Bitcoin ETF

Hoax BlackRock Filing Gives Rise to Temporary XRP Rally

Bitcoin Hits Over $30K Fueled By Hopes of U.S. ETF Approval

Bitcoin Hits Over $30K Fueled By Hopes of U.S. ETF Approval

Hoax BlackRock Filing Gives Rise to Temporary XRP Rally

Sun Nov 12 2023

Bloomberg: UBS Group Allows Hong Kong Crypto ETF Trading for Big Ticket Investors