UBS Invests in Trump-Backed Bitcoin Firm, Signaling Growing Institutional Interest

UBS has disclosed investing in ABTC, a US-focused Bitcoin mining firm backed by the Trump family. The bank’s investment of 41,171 shares signals increasing interest from institutional investors in American Bitcoin operations and potentially affecting market dynamics. ABTC, led by Eric Trump as Chief Strategy Officer, focuses on U.S.-centric Bitcoin mining projects. This move has prompted discussions within the financial sector about the future of Bitcoin mining and regulatory developments.