The bank of New York Mellon (BNY Mellon), America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product.Grayscale officially announced Tuesday that it selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (GBTC), a major digital … [Read more...] about BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust
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BNY Mellon fund laments it should have bought Bitcoin, not gold
U.S.-based financial institution BNY Mellon, the world’s largest custodian bank and asset servicing company, states that the recent performance of one of its exchange-traded funds, or ETFs, was significantly impacted by its lack of exposure to companies investing in Bitcoin.The BNY Mellon Opportunistic Small Cap Fund (DSCVX) gained 35% from September 1, 2020, through February … [Read more...] about BNY Mellon fund laments it should have bought Bitcoin, not gold
US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance
US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed.As of the second quarter of 2020, BNY Mellon is the world’s largest custodian bank and asset servicing company, with over $2.0 trillion in assets under management and $38.6 trillion in assets under … [Read more...] about US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance
Silicon Valley VCs and BNY Mellon announce $170 million investment in Fireblocks for Bitcoin custody
The Bank of New York Mellon, known as BNY Mellon, is one of several investment firms investing in Fireblocks, a startup platform for digital asset custody. Fireblocks will raise $170 million in its Series C venture capital investment, according to Forbes.BNY Mellon plans to use Fireblocks’ technology for its custodian services, in an attempt to embrace and offer custodial … [Read more...] about Silicon Valley VCs and BNY Mellon announce $170 million investment in Fireblocks for Bitcoin custody