BNY Mellon, the world’s largest custodian bank, has stepped into the world of Bitcoin Exchange-Traded Funds (ETFs), signaling a monumental shift in traditional finance’s approach to Bitcoin.

BNY Mellon was founded in 2007 through the merger of The Bank of New York and Mellon Financial Corporation. It specializes in investment management, investment services, and wealth management, serving institutions, corporations, and individuals worldwide.

BNY Mellon’s Bold Step

In a recent filing with the Securities and Exchange Commission (SEC), BNY Mellon revealed its exposure to spot Bitcoin ETFs. The bank holds investments in BlackRock’s IBIT and Grayscale’s GBTC,…

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