The bank confirmed that it’s working on the fund and would launch it as soon as regulations are in place to allow for such products. KB announced that it had formed the Digital Asset Management Preparatory Committee as part of its plan to get into Bitcoin funds. This committee will determine the product and strategy capabilities most ideal for digital asset funds. It will also assess the risk that such products would pose to the bank and the compliance issues with having such products.
KB expects to launch a digital asset exchange traded fund (ETF) and futures products at a time when investors have flocked to such products in other countries. As more institutional investors get into digital assets, financial companies have been scrambling to launch targeted products in jurisdictions where existing laws permit.
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