‌BNY Mellon Reveals Holdings in BlackRock, Grayscale Bitcoin ETFs

BNY Mellon’s SEC filing reveals investments in Bitcoin ETFs, signaling a major embrace of crypto by traditional finance. #cryptocurrency #BNYMellon
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BIG BREAKING
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BNY Mellon approved by SEC for #Bitcoin and crypto custody services, says Gary Gensler — Bloomberg

#BNYMellon $2T

BREAKING NEWS:🚨🚨🚨🚨🚨

BNY Mellon gets SEC green light for crypto custody! 💰💰💰💰💰
US banking giant BNY Mellon ($2T assets) wins SEC approval to offer cryptocurrency custody services, bridging traditional finance and digital assets!

🔶Secure storage for crypto assets 🔶Institutional investment boost 🔶Mainstream adoption accelerates

#BNYMellon #Cryptocurrency #Spotsignal #freesignal #apCryptoCalls
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The Bank of New York Mellon (BNY Mellon) is preparing to offer custody services for Bitcoin and Ether in the form of exchange-traded products (ETPs).

The recent review by the U.S. Securities and Exchange Commission (SEC) indicated that BNY Mellon can treat the safeguarding of these crypto assets as not being part of its liabilities. This is because the ETFs will be held on third-party exchanges, allowing BNY Mellon to bypass the accounting requirements typically imposed by SAB 121, which usually mandates that banks recognize such assets on their balance sheets.

#BitcoinCustody #EtherCustody #CryptoServices #BNYMellon #CryptoCustody

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The SEC has approved BNY Mellon to custody crypto assets beyond crypto ETFs, including BTC & ETH. With $2T in crypto assets, BNY’s plan ensures customer funds are protected in case of insolvency. SEC Chair Gensler confirmed the move, stating, "It didn’t matter what the crypto was.
#Crypto #SEC #BNYMellon #CryptoNews
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