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JP Morgan (JP Morgan) and Wells Fargo (Wells Fargo) are major global banks that recently disclosed Bitcoin exposure through a spot BTC exchange-traded fund launched in January.
The two lenders filed 13F disclosure documents on May 10, disclosing modest investments in Bitcoin ETFs.
Wells Fargo enters the Bitcoin sector and invests in spot ETFs and Bitcoin ATMs
Wells Fargo, the third-largest bank by assets in the US, recently announced that it has begun investing in Bitcoin spot exchange-traded funds (ETFs). According to recent foreign media reports, in the 13F filing submitted by the US Securities and Exchange Commission (SEC), the bank disclosed its investment in Grayscale Bitcoin Trust (GBTC), a fund converted into a Bitcoin spot ETF in January 2024.
As a spot Bitcoin ETF, GBTC invests mainly in Bitcoin and seeks to reflect the actual value of its Bitcoin holdings. According to the latest data, Wells Fargo's current investment in GBTC amounts to $141,817. The move shows Wells Fargo is gradually increasing its investment in the cryptocurrency sector, particularly in the asset class Bitcoin.
In addition to investing in GBTC, Wells Fargo also invested in Bitcoin Depot, a Bitcoin automatic teller machine (ATM) provider that allows users to directly exchange cash for Bitcoin. This kind of...
The two lenders filed 13F disclosure documents on May 10, disclosing modest investments in Bitcoin ETFs.
Wells Fargo enters the Bitcoin sector and invests in spot ETFs and Bitcoin ATMs
Wells Fargo, the third-largest bank by assets in the US, recently announced that it has begun investing in Bitcoin spot exchange-traded funds (ETFs). According to recent foreign media reports, in the 13F filing submitted by the US Securities and Exchange Commission (SEC), the bank disclosed its investment in Grayscale Bitcoin Trust (GBTC), a fund converted into a Bitcoin spot ETF in January 2024.
As a spot Bitcoin ETF, GBTC invests mainly in Bitcoin and seeks to reflect the actual value of its Bitcoin holdings. According to the latest data, Wells Fargo's current investment in GBTC amounts to $141,817. The move shows Wells Fargo is gradually increasing its investment in the cryptocurrency sector, particularly in the asset class Bitcoin.
In addition to investing in GBTC, Wells Fargo also invested in Bitcoin Depot, a Bitcoin automatic teller machine (ATM) provider that allows users to directly exchange cash for Bitcoin. This kind of...
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$GameStop(GME.US$ Just to share the great potential with GME and AMC. i have taken profit earlier and im going back in again. Buy and hold tor the Moon.
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It was a cracking open for Zeekr $ZEEKR(ZK.US$ on the NYSE after floating, with their shares surging 34% in a day. They came on at $21 and closed at $28.26 just a day after their IPO. Very clever and well played by Geely, the parent company.Geely is the parent company of Volvo, Polster and Lotus as well, just to name a few. We cover what you need to know about the third most popular EV in Chin...
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ColumnsThe US market could break history and extend its record rally this week. Here is your checklist
This week the US bull market could extend its record run with the S&P500 up 27% from its October and now just 0.5% away from striking its record all time high. If US CPI weakens as expected and US company earnings continue to beat expectations, then we will probably witness history, seeing the US market climb to new record highs.
What may support the US market higher is a bevy of factors including
- Th...
What may support the US market higher is a bevy of factors including
- Th...
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From the point of view of globalization and comparative advantages, there exist considerable opportunites in the natural resource sector of Canada. Among others, oil and gas is an important natural resource sector.
As Canada is named as a major oil and gas producing company by our PM (video), the bullish side of the oil and gas sector is further enhanced by the recent completion of trans-moutain pipeline expansion project and the major progress of the LNG Can...
As Canada is named as a major oil and gas producing company by our PM (video), the bullish side of the oil and gas sector is further enhanced by the recent completion of trans-moutain pipeline expansion project and the major progress of the LNG Can...
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