BNY Mellon Holds $IBIT, $GBTC Bitcoin ETFs, Manages $49T AUM

BNY Mellon, America's oldest and the world's largest custodian bank, has reported significant exposure to Bitcoin ETFs, according to recent SEC filings. The bank disclosed ownership of shares in BlackRock and Grayscale Bitcoin ETFs, specifically $IBIT and $GBTC, marking a notable move into cryptocurrency investments. This development underscores increasing institutional interest in cryptocurrencies, with BNY Mellon managing approximately $49 trillion in assets under management (AUM). The filings specifically mentioned the bank's involvement with recently approved spot Bitcoin ETF products.