Bank of New York Mellon Holds $13,280,431 Worth of Bitcoin (BTC) Exchange-Traded Funds: SEC Filing

The Financial institution of New York Mellon (BNY) is holding greater than $13 million price of shares in Bitcoin (BTC) exchange-traded funds (ETFs).

The financial institution’s holdings embrace 115,108 shares of WisdomTree Bitcoin Fund (BTCW) price about $11.87 million and 25,309 shares of BlackRock’s iShares Bitcoin Belief (IBIT) price about $1.4 million, in keeping with a brand new filing submitted to the U.S. Securities and Change Fee (SEC).

BNY isn’t the one banking big to purchase into Bitcoin ETFs: JPMorgan Chase holds almost $1 million price of BTC ETF shares.

In the meantime, Goldman Sachs at present holds $1.63 billion price of Bitcoin ETF shares and $196.3 million price of Ethereum (ETH) ETF shares.

BTC and ETH-based ETFs – which permit traders to show themselves to the highest two digital property by market cap with out having to really bodily buy them – had been permitted by the SEC in 2024.

In December, Goldman Sachs chief government David Solomon stated that rules want to alter earlier than the financial institution considers holding and buying and selling digital property outright.

Mentioned Solomon on the time,

“In the mean time, as a regulated banking establishment, we’re not allowed to personal a cryptocurrency like Bitcoin as a principal. We give our shoppers recommendation round quite a lot of these applied sciences and these points and can proceed to do this, however for the second our skill to behave in these markets is extraordinarily restricted from a regulatory perspective.”

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