$27 trillion AUM is perched over Bitcoin and crypto

$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.



Related: What is Polkadot (DOT)? Is it a good investment in 2023?



“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


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#Bitcoin, #BlackRock, #Cryptonewstoday, #JPMorgan

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