Bank of America is offering crypto exchange-traded products for some of its clients, report says
Bank of Americaclears and settles cryptoexchange traded products for selected clients, according to a report by Coindesk.
- Last week, the company said in an internal memo it plans to add a crypto research team.
- A Coindesk report on Tuesday said the bank was offering
ETPsto some of its hedge fund clients.
Bank of America is now offering crypto exchange-traded products for some of its global clients, as it seeks to tap into investor demand for
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Bank of America declined to comment when contacted by Insider.To bolster its trading and investment options in digital currencies, the bank also plans to create a crypto research team, according to an internal memo earlier this month.
A number of major banks and fund managers have added crypto-related products and services to tap into demand from anyone from institutional investors to individual traders, largely thanks to the kind of returns that volatile
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