Swiss Banking Giant UBS Doubles Down on Bitcoin ETF Exposure
UBS Group AG increased its holdings in Blackrock’s Ishares Bitcoin Trust (IBIT) to about $90 million, a sharp rise that shows growing demand for regulated bitcoin exposure among wealthy and institutional clients. The Swiss bank disclosed the position in a Form 13F filed with the U.S. Securities and Exchange Commission (SEC) on Aug. 13. As […]
Key Takeaways
- UBS Group AG increased its holdings in Blackrock’s Ishares Bitcoin Trust (IBIT) to about $90 million, a sharp rise that shows growing demand for regulated bitcoin exposure among wealthy and institutional clients.
- The Swiss bank disclosed the position in a Form 13F filed with the U.S.
- Securities and Exchange Commission (SEC) on Aug.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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