BNY Mellon Reports Exposure to Bitcoin ETFs
BNY Mellon, the largest custodian bank in the world, has reportedly gained exposure to Bitcoin through a spot exchange-traded fund (ETF) from BlackRock and Grayscale. This move highlights the increasing interest in Bitcoin ETFs, which have gained approval in the United States and attracted significant capital inflows. BNY Mellon's involvement reflects the growing institutional interest in cryptocurrencies and traditional finance. It is yet to be seen whether other lenders will follow suit, and attention is focused on Bitcoin's next trajectory as it continues to consolidate trading below $65,000.
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