HSBC, Hong Kong’s largest bank, has made a groundbreaking move by allowing its customers to access Bitcoin and Ethereum Exchange-Traded Funds (ETFs) listed on the Hong Kong exchange. This marks a significant step towards cryptocurrencyCryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... adoption within the Hong Kong financial market and signals the growing acceptance of digital currencies by traditional banking institutions. HSBC’s offering of crypto ETFs, including the CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF, reflects the increasing interest among institutional investors in gaining regulated exposure to the volatile crypto market. The bank has also launched the Virtual Asset Investor Education Centre to ensure investor education and risk disclosure.