So HSBC is giving their customers access to already listed ETFs through their own platform. Nothing to cheer about it really. These are existing products and people already have access to it. When a bank integrates such existing products for their customers, it's usually to earn brokerage.
Unless these ETFs are physical in nature, that's no use for the crypto market either. These kind of things are good to create awareness but not really impactful for the market.
Topic: [INFO]Hong Kong's HSBC Allows Customers to Trade Bitcoin. - page 2. (Read 241 times)
It is head shaking that uncle Gary, the SEC and the American government are cracking down on the cryptospace while a communist country like China are slowly allowing it through Hong Kong as the go between.
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I don't see any point in your post given that futures BTC ETF has been around in the US for some time, and HK is a special administrative region of China, and therefore what happens in HK cannot be an indicator that China has changed its attitude towards Bitcoin in any way.
In addition, the bank in question was not so long ago at the center of financial scandals and is considered one of the most corrupt banks in the world, but everyone seems to have forgotten that.
I wouldn't look forward to anything that has anything to do with China when it comes to Bitcoin, and I don't get anyone who thinks that communism and anything to do with decentralization and human freedom can succeed in one such country.
Once the big nations start accepting Bitcoin with the help of the biggest organizations like Apple and Google, this won't take much long to bring millions on the Cryptoverse.
We are witnessing big changes in the USA. with more eyes on Gary Gensler and SEC. With this tightening trend, the USA. will not let cryptocurrency and blockchain companies move to other countries.Quote
I am happy that Crypto has always been slow and steady, not a big jump up like a Pump and Dump.
Bitcoin does not like shitcoins and its growth is organic, not manipulating artificial like shitcoin pump and dump.Quote
Kudos to Satoshi for thinking of Halving which would take ages and keep the excitement every 4 years. 
Who knows why did Satoshi Nakamoto code that halving will happen in years with the USA. President Election?Is it a coincidence or a genius well-planed idea from Satoshi Nakamoto? We have years with big chaos in economics and politics in the USA. and the world and in same years, we have Bitcoin halvings.
Once the big nations start accepting Bitcoin with the help of the biggest organizations like Apple and Google, this won't take much long to bring millions on the Cryptoverse.
I am happy that Crypto has always been slow and steady, not a big jump up like a Pump and Dump. Kudos to Satoshi for thinking of Halving which would take ages and keep the excitement every 4 years.
I am happy that Crypto has always been slow and steady, not a big jump up like a Pump and Dump. Kudos to Satoshi for thinking of Halving which would take ages and keep the excitement every 4 years.
Crypto ETFs debuted on the HKEX with the listing of the CSOP Bitcoin Futures ETF (3066) and CSOP Ether Futures ETF (3068). These were joined by the Samsung Bitcoin Futures Active ETF (3135) in January.
It is trading with ETFs, Futures ETFs.You won't have bitcoin if you use your money to invest into ETFs. It is for people who don't want to reduce risk by directly buying bitcoins and hold bitcoins. ETFs will expose more people with Bitcoin and cryptocurrency market but if they are wise, they will directly buy bitcoin and cryptocurrencies.
Not your keys, not your coins. You don't have any key, any coin, any token with ETFs.
This is a great news, the adoption continues. With time, other countries will see what they are missing and begin to have interest in bitcoin holding. But according to the news, not that they hold bitcoin directly, it is the exchange traded fund (ETF) of it, which is good too because it is a way bitcoin adoption continues.
It is head shaking that uncle Gary, the SEC and the American government are cracking down on the cryptospace while a communist country like China are slowly allowing it through Hong Kong as the go between.
Another head shaking thought is only 2 years ago, China and Hong Kong were banning people under their jurisdictions from using crypto hehe. They were also closing people's bank accounts because they had transactions related to cryptocoin exchanges and services.
Also that in China, you can hold bitcoin as a property, it is legal. But I do not know what the stress of the Chinese government that they continue to ban bitcoin several times and later the ban is no more effective. You can see that after bitcoin mining was banned in China, Chinese miners again increased in hashrates and they are the second to US now. Another head shaking thought is only 2 years ago, China and Hong Kong were banning people under their jurisdictions from using crypto hehe. They were also closing people's bank accounts because they had transactions related to cryptocoin exchanges and services.
I hope someday in this country where I am working will adopt cryptocurrency, specially in banking. I hope someday we are all accessible in trading/transfering of funds through crypto. Someday, banks will completely embrace the positivity of crypto.
Well it's a hope I'm willing to join you in on. This goes a long way for citizens in HK who are Bitcoin users as it has given a wide space for them to freely conduct their business with crypto considering how a lot has changed from 2021 where strict measures were placed against it, causing discomfort and hampering business growth for crypto elites.I even read somewhere that the Hong Kong Monetary authority where pressuring major banks to accept crypto exchanges as clients. They have even gone as far as introducing their own crypto legislation. It looks like they aren't joking when they stated their desire to become a crypto hub in Asia.
This mean that they are open for changes and they let their citizens to decide what they want to use. And for allowing crypto usage and exchange running a business on their country this is a big slap for other who rejected it or been skeptical about allowing it to be use by their people.
I guess we can say good impact on crypto adoption on what Hongkong did since if they became successful to be a crypto hub on asia provably we can see other asian country to do the same.
I hope someday in this country where I am working will adopt cryptocurrency, specially in banking. I hope someday we are all accessible in trading/transfering of funds through crypto. Someday, banks will completely embrace the positivity of crypto.
Well it's a hope I'm willing to join you in on. This goes a long way for citizens in HK who are Bitcoin users as it has given a wide space for them to freely conduct their business with crypto considering how a lot has changed from 2021 where strict measures were placed against it, causing discomfort and hampering business growth for crypto elites.I even read somewhere that the Hong Kong Monetary authority where pressuring major banks to accept crypto exchanges as clients. They have even gone as far as introducing their own crypto legislation. It looks like they aren't joking when they stated their desire to become a crypto hub in Asia.
It is head shaking that uncle Gary, the SEC and the American government are cracking down on the cryptospace while a communist country like China are slowly allowing it through Hong Kong as the go between.
Another head shaking thought is only 2 years ago, China and Hong Kong were banning people under their jurisdictions from using crypto hehe. They were also closing people's bank accounts because they had transactions related to cryptocoin exchanges and services.
Are we in a simulation?
Another head shaking thought is only 2 years ago, China and Hong Kong were banning people under their jurisdictions from using crypto hehe. They were also closing people's bank accounts because they had transactions related to cryptocoin exchanges and services.
Are we in a simulation?
Quote from: coindesk.com
A string of cryptocurrency news outlets reported that HSBC Hong Kong is giving its customers access to bitcoin (BTC) and ether (ETH) exchange-traded funds on Monday.
The news was first reported by crypto journalist Colin Wu and reproduced by a number of different sites, including The Block.
However, this appears to be something of an overreaction. HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange (HKEX) in December, as the bank allows trading of all publicly-listed ETFs.
Crypto ETFs debuted on the HKEX with the listing of the CSOP Bitcoin Futures ETF (3066) and CSOP Ether Futures ETF (3068). These were joined by the Samsung Bitcoin Futures Active ETF (3135) in January.
Today's development would appear to be that HSBC customers can now also access these ETFs from the bank's investment platform.
The overreaction to this modest development demonstrates the excitement in the crypto community for any and all adoption of cryptocurrency investments by mainstream institutions such as HSBC in major financial centers like Hong Kong.
The news was first reported by crypto journalist Colin Wu and reproduced by a number of different sites, including The Block.
However, this appears to be something of an overreaction. HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange (HKEX) in December, as the bank allows trading of all publicly-listed ETFs.
Crypto ETFs debuted on the HKEX with the listing of the CSOP Bitcoin Futures ETF (3066) and CSOP Ether Futures ETF (3068). These were joined by the Samsung Bitcoin Futures Active ETF (3135) in January.
Today's development would appear to be that HSBC customers can now also access these ETFs from the bank's investment platform.
The overreaction to this modest development demonstrates the excitement in the crypto community for any and all adoption of cryptocurrency investments by mainstream institutions such as HSBC in major financial centers like Hong Kong.
Now we can say that the adoption of cryptocurrency is becoming wide. I hope someday in this country where I am working will adopt cryptocurrency, specially in banking. I hope someday we are all accessible in trading/transfering of funds through crypto. Someday, banks will completely embrace the positivity of crypto.
Source: https://www.coindesk.com/business/2023/06/26/hong-kongs-hsbc-allows-customers-to-trade-bitcoin-ether-etfs-but-thats-not-really-news/?fbclid=IwAR2qJhwZQe6NnL0XzigWTn9_2zN2w8IsAVQdAKUT0X5r1ALQnFlH24TcIQo
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