BNY Mellon Supports BlackRock and Grayscale in Bitcoin ETF Endeavors
Create a detailed summary based on ” – BNY Mellon invests in spot Bitcoin ETFs from BlackRock and Grayscale Investments, totaling $1.25 million.– Investments include $806,091 in iShares Bitcoin Trust ETF (IBIT) by BlackRock and $448,989 in Grayscale Bitcoin Trust ETF (GBTC) by Grayscale Investments.– BNY Mellon’s move reaffirms its interest in the cryptocurrency sector, previously demonstrated by its role as a custodian for Circle’s USDC reserves during the 2023 US banking crisis. BNY Mellon Embraces Cryptocurrency with Strategic Investments In a significant nod to the growing intersection of traditional finance and cryptocurrency, Bank of New York Mellon Corp (BNY… Read More »BNY Mellon Supports BlackRock and Grayscale in Bitcoin ETF Endeavors