PANews reported on August 8 that according to CoinDesk, Hong Kong virtual bank Mox (operated by a subsidiary of Standard Chartered Bank) has begun offering Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) to customers. The company also plans to offer direct crypto investments in the future. Mox plans to offer direct cryptocurrency investments on its platform through partnerships with licensed exchanges. Currently, only two exchanges, HashKey and OSL, are allowed to offer cryptocurrency trading in Hong Kong. Mox charges a fee of 0.12% of trading volume (minimum HK$30) for Hong Kong-listed ETFs and 0.01% of trading volume (minimum US$5) for US-listed ETFs, which is the lowest fee among banks in the region.

While U.S.-listed spot Bitcoin and Ethereum ETFs have seen significant inflows since the start of the year, their Hong Kong counterparts have seen lower demand. According to Coinglass data, three issuers, Boshi HashKey, China Asset Management and Harvest Global, did not have any capital inflows this month.