HSBC Joins The History of ETFs

      The British universal bank HSBC has launched the Bitcoin and Ethereum-based exchange-traded fund (ETF) in Hong Kong. Some analysis are claiming HSBC is first, but it is not the first.

First blockchain-based ETF

• First Private ETF :- San Diego-based Reality Shares Advisors and Lisle-based Amplify Investments' ETF Trust were the first to launch the blockchain-based ETFs, they launched on Nasdaq and the New York Stock Exchange (NYSE) on January 17, 2018.

• First Government ETF :- Russia's state-owned Sberbank was the first bank and government institution to launch a blockchain-Focused ETF; it was launched on December 30, 2021.

First crypto-based ETF

• The first Ethereum ETF was ETHX, which was the act of CI Galaxy, and launched at the Toronto Stock Exchange (TSE) on April 16, 2021.

• The first Bitcoin ETF was BITO, which was the act of Winklevoss twins, and launched at the Chicago Mercantile Exchange (CME) on October 19, 2021.

Entry of HSBC

     In Hong-Kong, investors currently invest in CSOP's Bitcoin and Ethereum futures ETFs and Samsung's Bitcoin Futures Active ETF. That is, HSBC is not even the first in the Hong Kong market; it has only entered the history of ETFs, opening up new opportunities for investors.

Brought to you by Yugocean, originally posted here.