🔥🔥BREAKING : BNY Mellon Confirms Holding Spot Bitcoin💰 ET | Syed Husnain Abbas a Binance Square-en

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Syed Husnain Abbas

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🔥🔥BREAKING : BNY Mellon Confirms Holding Spot Bitcoin💰 ETFs.
BNY Mellon, the largest custodian bank in the world, reveals it holds spot #Bitcoin exchange-traded funds.
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#ETFvsBTC Blockchain ETFs vs. Bitcoin ETFs: An Overview As Bitcoin earned a stable place within the investment community, Bitcoin and blockchain-focused exchange-traded funds (ETFs) have also gained investor interest. The emergence of these ETFs allows access to a broader spectrum of investors wanting exposure to these digital assets without the complications of direct asset management. Blockchain ETFs—a type of exchange-traded product (ETP)—offer a more diversified exposure to the broader blockchain industry across sectors like finance, supply chain management, and healthcare that the technology is changing. Alternatively, Bitcoin ETFs are more focused, providing more direct exposure to the price movements of Bitcoin, the best-known cryptocurrency. These funds either hold Bitcoin directly or track its price through futures contracts, giving investors a way to benefit from Bitcoin's price appreciation without storing the cryptocurrency themselves. Despite these differences, media reports frequently treat the terms "Bitcoin" and "blockchain" interchangeably. As a result, it's possible to confuse blockchain ETFs and Bitcoin ETFs, although they are different financial instruments. Blockchain ETFs Blockchain ETFs primarily track the stock prices of companies that have invested in blockchain technology in their fund, though they aren’t too focused on a specific cryptocurrency or entity. Blockchain is a technology not tied to a particular company or product. “Bitcoin needs blockchain, but blockchain doesn’t need Bitcoin,” said Christian Ma-g00n, CEO of Amplify ETFs, which says it’s the largest ETF focused on blockchain. The blockchain universe of investments is not restricted to a particular sector, such as IBM's blockchain relationships with the auto sector, wineries, and healthcare. Other firms whose shares are typically held by blockchain ETFs are Visa, which is exploring ways to use blockchain to restructure payment frictions, and Honeywell, a manufacturing company that uses blockchain for supply chain management. $BTC $ETH $SOL

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💰 Jack Dorsey commits a whopping $21M to #Bitcoin development via OpenSats. This massive push supports Bitcoin and Nostr, aiming to solidify Bitcoin as the internet's native currency. $BTC $ETH $SOL

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