$27 trillion AUM is perched over Bitcoin and crypto

Major U.S. financial institutions, actively aiming to offer clients Bitcoin exposure, are managing a staggering amount of assets totaling at least $27 trillion.



On June 26, Meltem Demirors, the chief strategy officer at CoinShares, pointed out eight prominent institutions that have shown interest in the digital assets sector. These include BlackRock, which filed for a spot Bitcoin ETF, and Fidelity, which offers cryptocurrency wealth management solutions. Additionally, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco, and Bank of America are among the institutions involved.



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“Many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more,” she noted, adding that there is a whopping $27 trillion in ass


First found on: https://coinatory.com/2023/06/27/27-trillion-aum-is-perched-over-bitcoin/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP