Analysis

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

Published

9 months ago

February 18, 2025

The Financial institution of New York Mellon (BNY) has greater than $ 13 million in shares in Bitcoin (BTC) Trade-Traded Funds (ETFS).

The pursuits of the financial institution embrace 115,108 shares of Wisdomtree Bitcoin Fund (BTCW) price round $ 11.87 million and 25,309 shares of BlackRock’s Ishares Bitcoin Belief (IBIT) price 1.4 million, based on a brand new one submit submitted to the US Securities and Trade Fee (SEC).

BNY is just not the one financial institution big who buys ETFs in Bitcoin: JPMorgan Chase owns practically $ 1 million in BTC ETF shares.

Within the meantime, Goldman Sachs presently has $ 1.63 billion in Bitcoin ETF shares and $ 196.3 million in Ethereum (ETH) ETF shares.

BTC and ETF-based ETFs with which traders allow themselves to reveal themselves to the highest two digital belongings per market capitalization with out really having to purchase them bodily accepted by the SEC in 2024.

In December Goldman Sachs Chief Govt David Solomon mentioned that the rules should change earlier than the financial institution considers and acts digital belongings utterly.

Solomon mentioned on the time,

“In the meanwhile, as a regulated banking establishment, we’re not allowed to personal cryptocurrency resembling Bitcoin as director. We give our clients recommendation on a wide range of these applied sciences and these points and can proceed to take action, however in the intervening time our capacity to behave in these markets is extraordinarily restricted from a regulation perspective. “

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