Banking giants UBS and Citigroup will allow their customers to invest in spot Bitcoin ETFs, contrary to claims.
Clients of Zurich-based UBS will be able to trade spot Bitcoin ETFs, subject to some conditions. Under these terms have low risk tolerance accounts will not be able to purchase from them.
$7 trillion portfolio management company Vanguard, Bitcoin “highly speculative” Arguing that it was, he announced that he would not provide services for spot Bitcoin ETFs to his customers.
According to the statement made by Citigroup, the bank’s corporate customers, can trade spot Bitcoin ETFs. The bank is also evaluating the products it can offer to its individual customers.
Charles Schwab, one of the broker giants, also announced that it will allow its customers to use spot Bitcoin ETFs.