The U.S. Securities and Exchange Commission (SEC) has confirmed that all banks and financial institutions are now authorized to offer Bitcoin-related services, marking a major regulatory shift. This development is expected to significantly increase institutional involvement in the cryptocurrency market. BlackRock, managing $11.5 trillion in assets, reported a growing client interest in Bitcoin, particularly among millennial investors who are digital asset natives, driven by global uncertainty. Stifel, with $500 billion under management, has recently permitted its financial advisors to sell Bitcoin to clients, signaling increased adoption among traditional financial firms. Additionally, Wells Fargo, which manages $250 billion, stated that Bitcoin has the potential to disrupt the $300 trillion global bond market. BlackRock also indicated that financial advisors managing up to $100 trillion in assets are anticipated to enter the Bitcoin market soon. These developments suggest a broader acceptance of Bitcoin within mainstream finance and could accelerate its integration into global financial systems.
BLACKROCK JUST SAID FINANCIAL ADVISORS MANAGING $100 TRILLION ARE COMING TO BITCOIN SOON. https://t.co/XWxhulIdSP
SEC CONFIRMS BANKS & FINANCIAL INSTITUTIONS CAN NOW OFFER BITCOIN SERVICES In a major shift, the SEC has confirmed on CNBC that all U.S. banks and financial institutions are now permitted to provide Bitcoin-related services. This move could open the floodgates for mass https://t.co/G5WwQd6LL7
BREAKING: $500 BILLION STIFEL JUST ALLOWED ITS FINANCIAL ADVISORS TO SELL #BITCOIN TO CLIENTS SMART MONEY IS COMING. HIGHER 🔥 https://t.co/msCAuatDwb