U.S. Bank has resumed its cryptocurrency custody services for institutional investment managers, expanding its offering to include Bitcoin ETFs through a partnership with NYDIG.
The Securities and Exchange Commission has authorized in-kind creations and redemptions for crypto exchange-traded products, marking a significant shift in regulatory approach as Bitcoin Price rebounds above $118,000.
At the Token2049 conference in Dubai, BlackRock’s Head of Digital Assets Robert Mitchnick confirmed a renewal of capital into Bitcoin ETFs citing the growing perception of Bitcoin as a hedge in uncertain markets.
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