BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust

BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust

The bank of New York 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 currency investment product providing indirect exposure to Bitcoin.BNY Mellon is also expected to provide transfer agency and exchange traded fund-related services for

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Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

New York asset manager Wilshire Phoenix has issued a damning response to the SEC’s rejection of its proposed Bitcoin ETF. Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF).The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations:“We made every effort…

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