Coinspeaker
BNY Mellon Invests in Spot Bitcoin ETFs from BlackRock and Grayscale

The Bank of New York Mellon Corp. (NYSE: BK) alias BNY Mellon, one of the oldest American financial institutions with more than $45 trillion in assets under custody, is a direct investor of Bitcoin (BTC). The company disclosed the Bitcoin investment in form 13F holdings report, filed with the United States Securities and  Exchange Commission (SEC) on April 25, 2024.

Notably, BNY Mellon has tapped the Grayscale Bitcoin Trust (BTC) (NYSE: GBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc (NYSE: BLK) to get exposure to the flagship coin. However, the company did not disclose the finer details of the investment in the various spot Bitcoin ETFs.

BNY Mellon and the US-based Spot Bitcoin ETFs

With the fact that Grayscale’s GBTC has not registered a single cash inflow since the approval of spot Bitcoin ETFs by the US SEC earlier this year, it is safe to assume the bank has been a long-term Bitcoin holder. Furthermore, Grayscale’s Bitcoin Trust was created back in 2013 ...