Mox, the digital banking arm of Standard Chartered, has initiated offering Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) to its clientele. This comes on the heels of launching its investment platform in Hong Kong, as announced on Wednesday. The bank also intends to introduce direct cryptocurrency investments through a collaboration with a licensed exchange, as revealed to the South China Morning Post. Currently, HashKey and OSL are the only exchanges licensed for crypto trading in Hong Kong.

“Integrating Crypto ETFs into the Mox Invest platform enables our customers to confidently access emerging asset classes. This allows them to explore new investment opportunities within the evolving crypto ecosystem in a regulated, trusted environment through a secure and straightforward method via the Mox app,” stated CEO Barbaros Uygun.

While Crypto ETFs are available on various trading platforms, Mox distinguishes itself with a lower fee structure. For Hong Kong-listed ETFs, Mox charges 0.12% of the transaction volume with a minimum fee of HK$30 ($3.85). For U.S.-listed ETFs, the fee is 0.01% with a minimum of $5. This fee structure is the most competitive among banks in the region, according to Henry Lau, Mox’s Head of Investment.

U.S.-listed spot Bitcoin and Ether ETFs have gained significant traction since their introduction earlier this year. Bitcoin ETFs have seen over $17 billion in inflows since January, while spot Ether ETFs, which launched in July, have experienced a net outflow of $364 million, largely due to investors withdrawing from Grayscale’s Ethereum Trust, as per Farside Investors’ data.

Conversely, their Hong Kong counterparts have seen muted demand. The three issuers—Bosera HashKey, ChinaAMC, and Harvest Global—have reported no inflows this month, according to Coinglass data. However, BlackRock’s iShares Ethereum Trust in the U.S. is gradually nearing the $1 billion mark, currently standing at $870 million.

As Mox continues to innovate and expand its offerings, the inclusion of crypto ETFs and plans for direct crypto investments underscore the bank’s commitment to providing diverse, modern investment opportunities for its clients. This strategic move not only broadens Mox’s investment portfolio but also enhances its position in the competitive digital banking landscape.