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AI & Enterprise

Nvidia backs GPU collateral in bid to draw up to $500 billion for AI data centres

Nvidia has introduced a financing structure aimed at drawing up to $500 billion for building AI data centres, while directly guaranteeing part of the value of its GPUs used as collateral. Under the plan, if pledged GPUs are liquidated after a default and their value falls short of expectations, Nvidia would cover up to 25 percent of the gap. The company says most funding and risk sit with external lenders.

Crypto

UBS expands bitcoin spot ETF investment, buys 2.5 million shares of BlackRock\'s IBIT

UBS has expanded its bitcoin exposure by buying additional shares in BlackRock\'s spot bitcoin exchange-traded fund, according to a U.S. regulatory filing. The Swiss bank increased its holdings of BlackRock\'s iShares Bitcoin Trust, or IBIT, to about 2.5 million shares worth around $83 million. UBS also allocates funds to other bitcoin-related ETFs and premium income products, bringing its total crypto ETF holdings to about $90 million.

Crypto

Fidelity seeks to add staking to Ethereum spot ETF FETH

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.