Bitcoin ETF

Bitcoin

Spot

BNY Mellon, a prominent financial institution, has disclosed its exposure to spot Bitcoin (BTC) exchange-traded funds (ETFs) through recent filings with the U.S. Securities and Exchange Commission (SEC). According to the <a href="https://www.sec.gov/Archives/edgar/data/1390777/000139077724000062/xslForm13F_X02/xml_filing.xml">filing</a>, the world’s oldest custodian bank holds BlackRock’s iShares Bitcoin ETF (IBIT) and Grayscale’s Bitcoin Trust (GBTC), indicating a strategic move into cryptocurrency. 
<h2 id="b-bny-mellon-diversifies-its-investment-offerings-b">BNY Mellon Diversifies its Investment Offerings</h2> 
Meanwhile, BNY Mellon’s filing with the SEC did not reveal the specific amount of exposure to BlackRock’s IBIT and Grayscale’s GBTC. However, the move signifies a shift towards recognizing the potential of cryptocurrencies as a legitimate asset class with long-term value.&nbsp; 
Moreover, by incorporating these assets into their portfolios, financial institutions like BNY Mellon are diversifying their investment offerings and responding to growing client demand for exposure to digital assets. As <a href="https://thecoinrise.com/bitcoin-etfs-morgan-stanley-making-important-adoption-step/">more financial institutions follow suit </a>and explore opportunities in the digital asset space, Bitcoin and other cryptocurrencies will gain further acceptance and integration within the traditional financial system. 
<h2 id="b-major-hong-kong-firms-now-bitcoin-etf-issuers-b">Major Hong Kong Firms Now Bitcoin ETF Issuers</h2> 
Some days ago, the Hong Kong regulator, the Securities and Futures Commission (SFC), <a href="https://thecoinrise.com/hong-kong-sfc-approves-spot-bitcoin-and-ethereum-etfs/">approved the trading of Spot Bitcoin ETF and Ethereum (ETH) ETF in the region</a>. Interestingly, this approval has made Hong Kong the first Asia country to issue a spot Ethereum ETF.&nbsp; 
The approval is a major milestone for Hong Kong as top firms like China Asset Management, Bosera Capital, and Hashkey Capital Limited have been endorsed by the Hong Kong regulator to launch BTC and ETH ETFs. Meanwhile,<a href="https://thecoinrise.com/harvest-global-files-to-launch-first-spot-bitcoin-etf-in-hong-kong/"> Harvest Global Investment plans to invest</a> in the top digital asset spot ETFs using OSL Digital Securities Co. Ltd. 
<h2 id="b-google-to-feature-spot-btc-etf-ads-b">Google to Feature Spot BTC ETF Ads</h2> 
In January, Google, a leading search engine and tech company based in California, United States, said it is set to update its promotional policies while allowing certain crypto advertisements to be showcased on the browser. As such, <a href="https://thecoinrise.com/google-might-allow-spot-btc-etf-ads-starting-monday/">the tech company said it would allow ads from advertisers</a> offering Cryptocurrency Coin Trust targeting the United States. 
Moreso, digital asset enthusiasts, and analysts are optimistic about the potential inflows of Bitcoin ETFs while highlighting Google’s high transaction processing capacity. 
The post <a href="https://thecoinrise.com/bny-mellon-disclosed-its-exposure-to-spot-bitcoin-etfs/">BNY Mellon Disclosed its Exposure to Spot Bitcoin ETFs</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

BNY Mellon Disclosed its Exposure to Spot Bitcoin ETFs

Table of Contents

TheCoinrise Media

Other articles published on Apr 26, 2024

Will Bitcoin Fall Again? Current BTC Analysis

Recent Developments in Cryptocurrency Markets

First Cross-Chain Dog Meme Coin Presale Exceeds Soft Cap Target – Next 1000x Crypto Gem?

The BEFE Coin Frenzy: Understanding The Trending Craze

Impact of US Economic Performance on Cryptocurrency Markets

WuBlockchain Weekly: SEC Expected to Reject Ethereum Spot ETF, ConsenSys Sues SEC, CZ trial is ap...

Join our free newsletter for daily crypto updates!