UBS, the largest Swiss banking institution, has officially acquired Bitcoin Exchange-Traded Funds (ETFs), including cryptocurrency in traditional finance. The bank invested in a number of BTC ETF offerings and now owns iShares Bitcoin Trust (IBIT), a Bitcoin spot ETF run by BlackRock’s subsidiary, iShares. This development was revealed in the bank’s updated Form 13F-HR, which..
Munich-based Fidor Bank, Germany’s first Web 2.0 Bank, and Kraken are launching an initiative to establish a “specialised bank for crypto-currencies“. The initiative aims to set up a fully regulated and licensed financial services entity. The intention is to pool products and services from various providers of digital assets and to offer a wide range..
Over the past year, we have been seeing numerous banks publicly sharing their views about the blockchain technology. The major reason for such a surge in press releases, studies and blog posts is because Bitcoin’s core technology represents both a threat and an opportunity.
