Wall Street Banks Dive Into Crypto With $200M in Fees
- Wall Street banks like Barclays and Citigroup embrace crypto, earning $200M in fees from capital-raising deals tied to digital assets.
- Bitcoin ETFs and Trump’s crypto-friendly policies drive banks to expand operations, chasing billions through equity and bonds.
Wall Street’s stance on crypto has shifted dramatically, with large banks such as Barclays and Citigroup jumping into the sector. Originally dubious of digital assets, these financial giants have suddenly embraced the industry and generated $200 million in fees from transactions connected to crypto-related equities and bonds.
Two main events—the acceptance of Bitcoin exchange-traded funds (ETFs) and the crypto-friendly policies of President Donald Trump’s…
