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The world's largest custodian bank, The Bank of New York Mellon, has revealed that it has invested in Bitcoin (BTC) ETFs (Exchange-Traded Funds). The oldest bank in the United States, The Bank of New York Mellon, reported in documents filed with the U.S. Securities and Exchange Commission that it has exposure to BTC ETFs from both BlackRock and Grayscale.
Grayscale's Bitcoin ETF saw record outflows for 72 consecutive days.
In January of this year, the U.S. Securities and Exchange Commission made a historic decision to approve 11 Bitcoin spot ETFs. U.S. cryptocurrency investors have long been demanding Bitcoin spot ETFs, and earlier this year their prayers were answered. The approval of BTC ETFs has sparked a storm in the cryptocurrency market, leading BTC to hit a historic high of $73,737 in March.
The increasing demand for exposure to BTC ETFs indicates a growing interest among institutional investors in the emerging asset class. |
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Post time 2-5-2024 21:26:56