'UBS Is Letting Customers Trade Bitcoin ETFs' - WSJ
Portfolio Pulse from Benzinga Newsdesk
UBS is now allowing eligible wealth management clients to trade spot Bitcoin ETFs. However, individual investors have reported issues accessing these products on UBS's platform and other banks and brokerages. Some firms are still assessing the ETFs' suitability for their clients, while Vanguard has decided not to offer the funds.
January 12, 2024 | 6:30 pm
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UBS has introduced spot Bitcoin ETF trading for its wealth management clients, potentially attracting new clients interested in cryptocurrency exposure.
UBS's decision to offer Bitcoin ETFs could be seen positively by investors seeking diversified investment options, including exposure to cryptocurrencies. This move may increase UBS's competitiveness in the wealth management sector and potentially boost its stock price in the short term.
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