A South Korean news outlet has reported that the local Financial Supervisory Service intends to greenlight the launch of the financial fund that would enable investors to access exposure to digital assets.
South Korean business conglomerate to launch a crypto fund
The fund will be approved on May 2, according to the sources, and it will be launched by Hanwha Asset Management.
That is an investment subsidiary of the big South Korean business conglomerate. The source article does not reveal which cryptocurrencies (digital assets) investors will be able to access.
JP Morgan, Goldman Sachs to offer exposure to Bitcoin
As reported by U.Today recently, in the U.S., major banking conglomerates—JP Morgan and Goldman Sachs—intend to open investment in Bitcoin for its highest net worth clients later this year.
Previously, these banks slammed Bitcoin as an asset, as well as cryptocurrencies overall. CEO and chairman of JP Morgan Chase, Jamie Dimon, has several times publicly called Bitcoin a bubble over the past few years.