Oldest US Bank Invests In 2 Bitcoin ETFs, SEC Filing Shows

The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank in the U.S., BNY Mellon, announced Thursday “the formation of a new enterprise digital assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets,....

Elon Musk’s Tesla invested $1.5 billion in Bitcoin, according to its latest filing with the US Securities and Exchange Commission. The American vehicle giant reported that it changed its investment policies in January 2021 to “further diversify and maximize returns” on the cash it did not require for operational liquidity. It later sought approval from […]

The US Securities and Exchange Commission (SEC) has made a noteworthy advancement in the potential introduction of new altcoin-based financial products by acknowledging several filings for Solana ETFs.  Solana ETFs Potential In a regulatory filing, the SEC opened up the floor for public comments on the proposed “Canary Solana Trust,” aimed at facilitating mainstream investment […]

The National Bank of Canada has ventured boldly into the realm of cryptocurrencies. The bank has made $2 million investments in Bitcoin exchange-traded funds (ETFs), changing the way conventional finance views digital assets. This choice emphasizes the evolving scene of controlled crypto investments and the increasing institutional curiosity in Bitcoin. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow A Calculated Risk On Bitcoin ETFs The National Bank of Canada decided on ETFs instead of directly purchasing Bitcoin, following a pattern among financial....

America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department of Financial Services (DFS), and the bank said it was the first of eight financial heavyweights to start crypto asset custody services. BNY Mellon to Start Custody Services for Bitcoin and Ethereum on Behalf of Its Customers Last fall, New York’s financial regulator DFS gave BNY....