Bank of America's Merrill Lynch and Wells Fargo & Co have reportedly joined the trend of offering spot Bitcoin exchange-traded funds (ETF) to their clientele. This move comes as Bitcoin continues to soar in value.
Bank of America's Merrill Lynch and Wells Fargo & Co have recently entered the realm of spot Bitcoin exchange-traded funds (ETFs), extending their services to encompass wealth management and brokerage account holders upon request. This strategic move underscores a notable shift towards accommodating clients' growing interest in cryptocurrency investments, marking a significant milestone in traditional financial institutions embracing digital assets.
Bitcoin's value has reached $61,259, marking a notable 19.37% increase in the past week and a substantial 42% growth over the last 30 days. Analysts report record-breaking volumes in spot Bitcoin ETFs, with $2.4 billion inflows within 24 hours, indicating a significant surge in investor interest. This surge in Bitcoin's value and the corresponding influx of investment highlight the growing acceptance and adoption of cryptocurrencies within traditional financial markets.
Ark Invest and 21Shares have recently announced the integration of Chainlink, particularly within the ARK 21Shares Bitcoin ETF (ARKB), enhancing its Proof of Reserve platform. This integration aims to provide greater transparency and security to investors by leveraging Chainlink's decentralized oracle network to verify the reserves backing the ETF, thereby bolstering confidence in its reliability and trustworthiness.
Bitcoin allocation by ETF providers is on the rise, with the combined 11 spot Bitcoin ETFs now holding approximately 3.3% of the total Bitcoin supply. This growing allocation underscores the increasing institutional interest in Bitcoin as an investment asset. As more ETFs enter the market and allocate funds to Bitcoin, it further legitimizes and solidifies Bitcoin's position within the traditional financial landscape, potentially attracting even more institutional investors in the future.
The entry of major banks into the spot Bitcoin ETF market reflects the growing institutional interest in cryptocurrencies. However, the long-term effects of this development on the crypto industry remain a subject of speculation and scrutiny.
The company will change its name to Bitcoin Japan Corporation on 11 November 2025. It is launching a Bitcoin treasury business and plans to expand into related financial services.
WeatherlyNearly 10 years after losing access to his Coinbase account, NBA legend Kevin Durant has finally regained control of his long-dormant Bitcoin stash. But what began as a feel-good recovery story has unexpectedly stirred anger among Coinbase users who say their own pleas for help have gone unanswered.
XingChiA new South Korean drama "To The Moon", follows three women investing in crypto during the 2017–2018 Bitcoin boom. It highlights the country’s $3.15 billion daily retail crypto market and growing regulatory oversight.
JoyThe Trump family’s American Bitcoin Corp started trading on Nasdaq, raising $2.1 billion and holding 2,443 Bitcoins to offer investors regulated crypto exposure. This comes as Donald Trump’s administration eases crypto regulations, boosting family-held digital assets worth over $5 billion.
WeatherlyUS lawmakers are meeting with crypto leaders to discuss a bill that would let the government buy one million Bitcoin over five years. The plan aims to build a strategic Bitcoin reserve using budget-neutral funding, but it needs wider political support to move forward.
AnaisSouth African company Altvest plans to raise $210 million to buy Bitcoin and rebrand as Africa Bitcoin Corp. The firm aims to hold Bitcoin as a core reserve asset and list on regional and international exchanges.
WeatherlyRaoul Pal predicted that the number of crypto users could reach four billion by 2030, with the market potentially hitting $100 trillion by 2032. He based this on wallet growth compared to early internet adoption, though critics say wallet counts may overstate real usage.
AnaisSouth Korea’s FSC nominee, Lee Eok-won, sparked controversy by calling cryptocurrencies worthless and warning against pension fund investments. Critics say his stance ignores crypto’s real economic value and risks driving investment and talent abroad.
AnaisHollywood is making a new thriller called Killing Satoshi about the mysterious creator of Bitcoin, starring Casey Affleck and Pete Davidson. The film will explore Satoshi Nakamoto’s secrets and the global race for control over his $120 billion in untouched Bitcoin.
AnaisKidnappings, crypto manipulation and institutional corruption are no longer just the subplot of crime thrillers; they have become fixtures of our digital reality.
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cryptopotatoMetaMask has warned its users against falling prey to ‘address poisoning,’ a crypto scam growing in popularity.
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Cointelegraph