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Crypto and the U.S. Economy: An Ever-Strengthening Connection
As Bitcoin increasingly becomes an important part of the global financial system, its impact on the U.S. economy is becoming clearer. A new report from the Perryman Group shows that the Bitcoin mining industry in the U.S. is contributing over $4 billion in economic value each year, creating 31,000 jobs nationwide. This affirms that crypto is not just an investment asset but also an industry that has a real impact on the economy.
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BNY Mellon Joins the Bitcoin ETF Game: Positive Signals for the Market
The cryptocurrency market has just received a positive signal as #BNYMellon , the oldest bank in the U.S., announced a significant holding of Bitcoin ETF shares. According to the latest data, BNY Mellon holds 115,108 shares of the WisdomTree Bitcoin Fund (#BTCW ), valued at approximately $11.87 million, along with 25,309 shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at $1.4 million.
Bitcoin ETFs are Becoming More Accepted
The involvement of a major financial institution like BNY Mellon in the Bitcoin ETF market reflects the growing confidence in digital assets. Bitcoin ETFs are seen as a bridge that allows traditional investors to easily access Bitcoin without needing to buy and store it directly.
BNY Mellon's participation could pave the way for other financial institutions to enter the crypto market, promoting the legitimacy and sustainable development of $BTC .
Positive Signals for Investors
This move not only helps boost confidence in the market but also indicates that institutional capital continues to flow into crypto. The approval and investment from large organizations could create a ripple effect, attracting more investors.
The increasing participation of financial institutions in the Bitcoin ETF space could help reduce price volatility and solidify Bitcoin's position as a mainstream investment asset. With these advancements, crypto is getting closer to widespread acceptance globally.
👉 BNY Mellon joining Bitcoin ETF – a new step for the development of crypto! What do you think about this trend?
The cryptocurrency market has just received a positive signal as #BNYMellon , the oldest bank in the U.S., announced a significant holding of Bitcoin ETF shares. According to the latest data, BNY Mellon holds 115,108 shares of the WisdomTree Bitcoin Fund (#BTCW ), valued at approximately $11.87 million, along with 25,309 shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at $1.4 million.
Bitcoin ETFs are Becoming More Accepted
The involvement of a major financial institution like BNY Mellon in the Bitcoin ETF market reflects the growing confidence in digital assets. Bitcoin ETFs are seen as a bridge that allows traditional investors to easily access Bitcoin without needing to buy and store it directly.
BNY Mellon's participation could pave the way for other financial institutions to enter the crypto market, promoting the legitimacy and sustainable development of $BTC .
Positive Signals for Investors
This move not only helps boost confidence in the market but also indicates that institutional capital continues to flow into crypto. The approval and investment from large organizations could create a ripple effect, attracting more investors.
The increasing participation of financial institutions in the Bitcoin ETF space could help reduce price volatility and solidify Bitcoin's position as a mainstream investment asset. With these advancements, crypto is getting closer to widespread acceptance globally.
👉 BNY Mellon joining Bitcoin ETF – a new step for the development of crypto! What do you think about this trend?
BNY Mellon urges a bold shift in digital asset regulation—transforming the future of capital markets with wallet-driven solutions! 🚀
🚀 BNY Mellon Calls for a Rethink in Digital Asset Regulation! 🔥
Caroline Butler, BNY Mellon’s Global Head of Digital Assets, is advocating for a major overhaul of digital asset regulations. She believes blockchain and smart contracts should go beyond simply improving existing systems—they should transform them! 💡
✅ Key Insights:
🔹 Wallets will become the core of future capital markets, integrating various asset classes.
🔹 The SEC’s move to revoke SAB 121 aligns with BNY Mellon’s push for more forward-thinking regulations.
🔹 A use-case-driven regulatory model could reshape institutional operations.
While innovation may be incremental for now, the real disruption is on the horizon! 🌍💰
What’s your take? Should we adapt regulations to unlock the full potential of digital assets? Share your thoughts below! ⬇️💬
#Crypto #BNYMellon #blockchain #DigitalAssets #RWA板块涨势强劲
🚀 BNY Mellon Calls for a Rethink in Digital Asset Regulation! 🔥
Caroline Butler, BNY Mellon’s Global Head of Digital Assets, is advocating for a major overhaul of digital asset regulations. She believes blockchain and smart contracts should go beyond simply improving existing systems—they should transform them! 💡
✅ Key Insights:
🔹 Wallets will become the core of future capital markets, integrating various asset classes.
🔹 The SEC’s move to revoke SAB 121 aligns with BNY Mellon’s push for more forward-thinking regulations.
🔹 A use-case-driven regulatory model could reshape institutional operations.
While innovation may be incremental for now, the real disruption is on the horizon! 🌍💰
What’s your take? Should we adapt regulations to unlock the full potential of digital assets? Share your thoughts below! ⬇️💬
#Crypto #BNYMellon #blockchain #DigitalAssets #RWA板块涨势强劲
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"FINANCIAL BOMB! BNY Mellon goes over to the dark side of Bitcoin"
Wall Street grandpa learns to floss with cryptocurrencies: revolution or midlife crisis? 🕺💼
Ready for the financial plot twist of the century? 🎭 Hold my beer, because BNY Mellon, that banking dinosaur you thought was just collecting dust, has just entered the crypto arena like a bull in a china shop.
Who would have thought? America's oldest bank now wants to be the cool kid of the blockchain neighborhood. It's like your grandma suddenly started making TikToks, but with cryptocurrencies. 🕺💃
Ready for the financial plot twist of the century? 🎭 Hold my beer, because BNY Mellon, that banking dinosaur you thought was just collecting dust, has just entered the crypto arena like a bull in a china shop.
Who would have thought? America's oldest bank now wants to be the cool kid of the blockchain neighborhood. It's like your grandma suddenly started making TikToks, but with cryptocurrencies. 🕺💃
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