Some interest seen in new spot Bitcoin ETFs but local brokerages tread with caution
INVESTORS in Singapore have shown some interest in the new spot Bitcoin exchange traded funds (ETFs) that began trading in the US last week.
However, banks and brokerage firms in the Republic appear to be approaching the new alternative investment class with relative caution given its risky and speculative nature.
A total of 11 spot Bitcoin ETFs began trading on stock exchanges in the US on Jan 11, and some of these funds have been made available on certain trading platforms in Singapore.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Wall Street opens nearly flat after CPI-driven rally
Blackstone to buy Priority Software stake in biggest Israel deal
Hugo Boss and David Beckham partner up for design collection
Under Armour forecasts downbeat annual sales and profit, shares slump
J&J to acquire Proteologix for US$850 million
Walmart sales surge as higher-income shoppers flock to retailer