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UBS Group Partners With HSBC To Offer Crypto ETFs In Hong Kong

On November 10, Bloomberg reported that the Swiss Investment banking company UBS Group AG has joined hands with competitors like HSBC Holdings Plc to offer trading of certain exchange-traded funds linked to crypto for their Hong Kong clients. This move aligns with the city’s efforts to promote itself as a hub for digital assets. Today, three crypto ETFs authorized by the Securities and Futures Commission (SFC) will be available to affluent clients on UBS’s Hong Kong platform, according to Bloomberg’s source. Furthermore, the source added that the Swiss bank has incorporated the Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs, alongside educational materials to study associated risks.

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