Speaking on a panel at The Edge Singapore’s Year-End Investment Forum on Nov 30, Tay attributes this shift to exchange-traded products (ETPs) like BlackRock’s iShares Bitcoin Trust and Fidelity’s Physical Bitcoin ETP, which provide “easy access” to cryptocurrencies.
A chief investment officer at UBS Global Wealth Management says he would hold “at least 10%” of his assets in cryptocurrency if not for his role at the private bank, which restricts him from investing in the volatile digital asset.
Kelvin Tay, regional chief investment officer, South Asia-Pacific says Bitcoin has “become legitimised to a certain extent”.
