By Nermeen Nabil Khear 
The Bank of New York Mellon (BNY) is holding more than $13 million worth of shares in Bitcoin (BTC) exchange-traded funds (ETFs).
The bank’s holdings include 115,108 shares of WisdomTree Bitcoin Fund (BTCW) worth about $11.87 million and 25,309 shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $1.4 million, according to a new filing submitted to the U.S. Securities and Exchange Commission (SEC).
BNY isn’t the only banking giant to buy into Bitcoin ETFs: JPMorgan Chase holds nearly $1 million worth of BTC ETF shares.
Meanwhile, Goldman Sachs currently holds $1.63 billion worth of Bitcoin ETF shares and $196.3 million worth of Ethereum (ETH) ETF shares.
BTC and ETH-based ETFs – which allow investors to expose themselves to the top two digital assets by market cap without having to actually physically purchase them – were approved by the SEC in 2024.
In December, Goldman Sachs chief executive David Solomon said that regulations need to change before the bank considers holding and trading digital assets outright.
Said Solomon at the time,
“At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal. We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.”
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The post Bank of New York Mellon Holds $13,280,431 Worth of Bitcoin (BTC) Exchange-Traded Funds: SEC Filing appeared first on The Daily Hodl.
The Bank of New York Mellon (BNY) is holding more than $13 million worth of shares in Bitcoin (BTC) exchange-traded funds (ETFs). The bank’s holdings include 115,108 shares of WisdomTree Bitcoin Fund (BTCW) worth about $11.87 million and 25,309 shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $1.4 million, according to a new filing
The post Bank of New York Mellon Holds $13,280,431 Worth of Bitcoin (BTC) Exchange-Traded Funds: SEC Filing appeared first on The Daily Hodl. Bitcoin, Trading, Bank of New York Mellon, BTC, BTC ETF, etfs, exchange-traded funds, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
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