Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
The move comes amid decreasing investor interest in the company's shares, aiming to replicate Strategy success.
Gino Matos 2 min read 
Bitwise's investment through Maple Finance highlights the accelerating trend of institutions seeking attractive yields in DeFi markets.
Tenev believes blockchain can unlock round-the-clock trading for stocks, mirroring the efficiency of crypto markets.
The asset manager allocated 1% to 2% in Bitcoin through its IBIT exchange-traded fund.
The chances of a Solana ETF approval in 2025 are 70%, according to analysts.
Despite the increase, Bitcoin at less than 1% of its $225 trillion addressable market.
The group argued that these federal policies have restricted traditional financial institutions like banks from engaging with digital assets and hampered innovation in the US financial industry.
The firm's expansion plans signal growing confidence in the maturation of crypto markets.
BNY Mellon's foray into Bitcoin ETFs reflects Wall Street's cautious yet growing integration into the digital asset realm amid evolving regulatory landscapes.
