Major US Banks Show Interest In Bitcoin ETFs

BNY Mellon, the world's largest custodian bank and the oldest in the U.S., has recently disclosed its investment in Bitcoin ETFs.

The Bank of New York Mellon Corporation (BNY Mellon), the oldest and one of the largest banks in the United States, has disclosed its investments in Bitcoin Exchange Traded Funds (ETFs). According to its recent Securities and Exchange Commission (SEC) filings, BNY Mellon has acquired stakes in spot BTC ETFs managed by BlackRock and Grayscale.

It has emerged that BNY Mellon, the largest custodian bank globally, is among the latest entities to gather exposure to Bitcoin (BTC) through a spot exchange-traded fund (ETF).

In what comes as an unprecedented disclosure, BNY Mellon (Bank of New York), one of the oldest banks in America, recently revealed that the firm owns substantial investments in Bitcoin ETFs (exchange-traded-funds), according to the company's quarterly filings. This has ignited a buzz across the global cryptocurrency landscape, particularly among institutional investors, marking a notable

The global interest in spot Bitcoin ETFs continues to pull in the world's largest institutional investors and firms. This time, it's BNY Mellon, the world's largest custodian bank, which has revealed its exposure to the spot Bitcoin ETFs market.

In a potentially groundbreaking move, Morgan Stanley, one of the world's leading investment banks, is contemplating a significant expansion into the realm of cryptocurrency investment. Reports suggest that the banking giant is mulling over the idea of allowing its vast network of brokers to actively solicit client purchases for Bitcoin exchange-traded funds (ETFs), a move that could have far-reaching implications for the burgeoning digital asset market.