BNY Mellon discloses $13 million Bitcoin ETF exposure amid to Wallstreet’s cautious crypto push
The Bank of New York Mellon (BNY Mellon) disclosed holdings of more than $13 million in Bitcoin exchange-traded funds (ETFs) at the end of the fourth quarter, marking another sign of traditional financial institutions increasing their exposure to digital assets.
According to a newly filed disclosure with the SEC, BNY Mellon owns 115,108 shares of WisdomTree Bitcoin Fund (BTCW), valued at approximately $11.87 million, and 25,309 shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth about $1.4 million.
Wallstreet warming up to Bitcoin
BNY Mellon’s position in Bitcoin ETFs adds to a growing trend among major Wall Street banks cautiously entering the digital asset space.
JPMorgan Chase, for instance, holds nearly $1 million in Bitcoin…
