UBS is reportedly exploring crypto investing for select private-banking clients (starting with BTC & ETH)-another “TradFi door” opening for HNW demand. Same week, Grayscale filed for a spot BNB ETF after BTC/ETH moves. Context: institutions keep expanding access rails, which can keep headlines (and vol) noisy even when on-chain is calm. Sources: Reuters, CoinDesk/FinanceMagnates. #BTC #ETH #BNB #Institutions