UBS, the Zürich-based banking large, will let some purchasers who want to commerce bitcoin ETFs achieve this, topic to some situations, based on an individual acquainted with the matter. The situations, based on the particular person near UBS who requested to not be named, embrace: UBS can not solicit the trades and accounts with a decrease danger tolerance will not have the ability to purchase them. A UBS spokesperson declined to remark. Citigroup, in the meantime, “presently supplies our institutional purchasers with entry to the just lately permitted Bitcoin ETFs from an execution and asset servicing perspective,” a spokesperson advised CoinDesk Thursday. The New York-based financial institution is “evaluating the merchandise for particular person Wealth purchasers.”
