The Bank of New York Mellon (BNY) has more than $ 13 million in shares in Bitcoin (BTC) Exchange-Traded Funds (ETFS).
The interests of the bank include 115,108 shares of Wisdomtree Bitcoin Fund (BTCW) worth around $ 11.87 million and 25,309 shares of BlackRock’s Ishares Bitcoin Trust (IBIT) worth 1.4 million, according to a new one submit submitted to the US Securities and Exchange Commission (SEC).
BNY is not the only bank giant who buys ETFs in Bitcoin: JPMorgan Chase owns nearly $ 1 million in BTC ETF shares.
In the meantime, Goldman Sachs currently has $ 1.63 billion in Bitcoin ETF shares and $ 196.3 million in Ethereum (ETH) ETF shares.
BTC and ETF-based ETFs with which investors enable themselves to expose themselves to the top two digital assets per market capitalization without actually having to buy them physically approved by the SEC in 2024.
In December Goldman Sachs Chief Executive David Solomon said that the regulations must change before the bank considers and acts digital assets completely.
Solomon said at the time,
“At the moment, as a regulated banking institution, we are not allowed to own cryptocurrency such as Bitcoin as director. We give our customers advice on a variety of these technologies and these issues and will continue to do so, but at the moment our ability to act in these markets is extremely limited from a regulation perspective. “
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