UBS lets wealthy clients trade cryptocurrency ETFs in Hong Kong
UBS Group, along with HSBC Holdings and other companies, will allow Hong Kong customers to trade some exchange-traded funds linked to cryptocurrencies. An anonymous source said that from Friday, wealthy clients will be able to buy three cryptocurrency ETFs authorized by the Securities and Futures Commission on UBS Hong Kong's platform. The source said that the Swiss bank includes the Samsung Bitcoin Futures Fund, the Southern Dongying Bitcoin Futures Fund, and the Southern Dongying Ether Futures ETF, and added that customers can also access educational materials to understand the risks. UBS currently refuses to comment on the matter.
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