Crypto Currency

UBS Exploring Bitcoin Offerings for Wealthy Clients: Report

This news was brought to you by Phemex, our preferred Derivatives Partner. Share this article A Bloomberg report suggests that UBS may soon offer its wealthier clients exposure to digital assets.  UBS Exploring Crypto Offerings UBS, the Swiss banking giant with $3.5 trillion in assets under management, is planning to offer crypto products to rich…

Published 4 years ago in
UBS Exploring Bitcoin Offerings for Wealthy Clients: Report

Share this article

A Bloomberg report suggests that UBS may soon offer its wealthier clients exposure to digital assets. 

UBS Exploring Crypto Offerings

UBS, the Swiss banking giant with $3.5 trillion in assets under management, is planning to offer crypto products to rich clients, Bloomberg reported Monday. 

The report indicates that the firm is looking into alternative ways to offer exposure to digital assets. An unnamed source said that any crypto investment would represent a small allocation of a portfolio to hedge against price volatility and that they may include “third party investment vehicles.”

Though full details are yet to be confirmed, UBS wouldn’t be the first institutional player in the finance sector to look into crypto this year.

Most recently, Goldman Sachs began trading Bitcoin futures and non-deliverable forwards. In March, the Wall Street firm revealed that it was planning to offer a range of Bitcoin products for affluent clients. Alongside Goldman, Morgan Stanley, and BNY Mellon have pulled similar moves amid growing demand for crypto assets. 

The global cryptocurrency market cap is worth over $2.5 trillion today, with Bitcoin accounting for about 42% of that figure. To date, Bitcoin has been the first crypto asset most banks are interested in. That could soon change, though: now that ETH is trading above $4,000 with several major protocol updates on the horizon, the second crypto has taken the spotlight away from BTC in recent weeks.

Once the likes of UBS catch on, ETH could be next to see a wave of institutional demand. 

Disclosure: At the time of writing, the author of this feature owned ETH, FLI, and several other cryptocurrencies. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Recommended News

Goldman Sachs Launches Crypto Trading Desk: Report

Business
Goldman Sachs has reportedly made another clear step towards crypto adoption.  Goldman Sachs Starts Crypto Trading  A staff memo obtained by CNBC indicates that the banking giant has set up…

Bitcoin Is Coming to a US Bank Near You, Says NYDIG

Business
Banks can either provide crypto services to their clients or see them send their dollars to Coinbase, warns Yan Zhao, the president of crypto custody firm NYDIG. NYDIG Says Banks…

Ethereum Sets New Record High Above $4,000

Analysis
Thanks to its latest run, Ethereum is catching up with Bitcoin. ETH in Repricing Mode  ETH crossed $4,000 early Monday and is currently trading at $4,104.  The number two crypto…

What Are Non-Fungible Tokens (NFTs)?

Sponsored Phemex
Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are…

!DOCTYPE>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24

Published 16 hours ago in
What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 […]
The post What’s next for SEI after reclaiming $0.30…
Read More

Continue Reading
Crypto Currency

Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech

Key Takeaways Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech. Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns. Share this article Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana

Published 18 hours ago in
Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech

Key Takeaways

  • Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech.
  • Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns.

Share this article

Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana lower. The total crypto sector fell to $3.8 trillion, down 3.5% on the day.

The price of Bitcoin dropped nearly 3% in the last day to $112,696, marking a return to levels not seen since the beginning of the month, CoinGecko data shows.

Ether dropped more than 4% to $4,100 after flirting with record highs in the past few days. Losses are spread across major altcoins, with XRP down nearly 6%, Dogecoin and Chainlink off over 5%, and Sei and Cardano plunging 8%.

The pullback comes ahead of the Fed’s Jackson Hole symposium on Friday, where Chair Jerome Powell is scheduled to deliver his keynote address. Markets are bracing for whether he signals a September rate cut or doubles down on inflation concerns, especially after US inflation data offered mixed signals in July.

The headline CPI slowed to 2.7% but core inflation edged up to 3.1% and PPI climbed 3.3%. The combination of weakening job growth and persistent price pressures has raised stagflation fears, which could complicate the Fed’s decision-making.

“Higher‑than‑expected PPI numbers (producer prices jumped 0.9% month‑on‑month against a 0.2% forecast) have complicated the Fed’s policy framework, so the market will be looking for hints on the Fed’s thinking ahead of its September policy meeting,” said QCP Capital analysts in a statement. “Last year, Powell used Jackson Hole to telegraph an easing bias; this year, Trump’s tariffs and political pressure create a much more contentious backdrop.”

Traders are still pricing in a 25-basis-point cut at the September 17 FOMC meeting, though odds have eased following hotter-than-expected inflation readings.

Analysts predict Powell will be cautious during his final Jackson Hole speech. The Fed Chair may acknowledge that risks to employment and inflation are balancing, suggesting a cut could be appropriate if trends continue, but he is unlikely to commit to a specific policy action.

Since expectations for a September cut are already priced in, any hint that action might be delayed could feel like a tightening of policy for investors.

However, signals that quantitative tightening may end or that regulatory shifts are coming could boost liquidity and potentially reignite Bitcoin’s rally toward year-end, analysts suggest.

Elsewhere, US stocks also reflected uncertainty at Tuesday’s market close.

The S&P 500 fell nearly 0.6% and the Nasdaq Composite dropped around 1.5%, while the Dow Jones Industrial Average edged up.

Tech and chipmakers led losses, with Nvidia down 3.5%, AMD off 5.4%, and Broadcom lower by 3.6%. Palantir sank 9%, the worst S&P 500 performer, while Tesla, Meta, and Netflix also slipped.

Share this article

?xml>?xml>?xml>
Read More

Continue Reading
Crypto Currency

David Bailey’s Bitcoin treasury KindlyMD acquires $679 million in BTC

Key Takeaways KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings. The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset. Share this article KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate

Published 18 hours ago in
David Bailey’s Bitcoin treasury KindlyMD acquires $679 million in BTC

Key Takeaways

  • KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings.
  • The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset.

Share this article

KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate around 5,744 Bitcoin.

With the latest acquisition, KindlyMD’s Bitcoin stash surpasses 5,764 units, equating to over $655 million at current prices of about $113,840. The company used PIPE proceeds for the purchase as part of its strategy to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.

Commenting on KindlyMD’s BTC purchase, the first since it completed its merger with Nakamoto Holdings, CEO Bailey reiterated that his team is doubling down on Bitcoin as a cornerstone asset for the future.

“Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” he added.

KindlyMD now ranks sixteenth among corporate Bitcoin holders, ahead of firms like Semler Scientific and GameStop.

Shares of the company (NAKA) fell 14% at Tuesday’s open as Bitcoin slipped from above $115,800 to $113,846 amid a market-wide pullback.

Share this article

?xml>?xml>?xml>
Read More

Continue Reading
Crypto Currency

Halving Tailwind or Liquidity Trap? Analysts Weigh In on Bitcoin’s Path Ahead

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…

Published 18 hours ago in
Halving Tailwind or Liquidity Trap? Analysts Weigh In on Bitcoin’s Path Ahead

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…
Read More

Continue Reading