CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access

01.03.2024
A A
0
127
VIEWS
ShareShare

Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs).

The ETFs have been available to clients for several weeks, a source familiar with Bank of America’s plans told Reuters.

The move follows the Securities and Exchange Commission’s (SEC) approval of these investment vehicles in January, which marked a major milestone in the acceptance of cryptocurrencies within the traditional financial system.

Spot Bitcoin ETFs provide investors with exposure to the world’s largest cryptocurrency without requiring direct ownership.

Spot Bitcoin ETFs Outshine Gold ETFs

The increasing popularity of spot Bitcoin ETFs has even prompted some investors to shift their holdings from gold-backed ETFs to Bitcoin.

Bitcoin is often referred to as “digital gold” due to its store of value properties.

The positive sentiment has been reflected in recent market performance, with the leading cryptocurrency surpassing $64,000 for the first time in over two years.

Reports of Bank of America and Wells Fargo’s foray into offering spot Bitcoin ETFs to their clients were first brought to light by Bloomberg Law.

Wells Fargo and Bank of America Merril are going to start pushing Bitcoin ETFs to their customers.

We are going to need more Bitcoin… oh wait, there isn't anymore!

Fact: There is not even close to enough for the demand that is coming. Number will go up

— Lark Davis (@TheCryptoLark) February 29, 2024

However, Vanguard, the largest provider of mutual funds, has announced that it currently has no plans to make spot bitcoin ETFs available on its platform for brokerage clients.

The entry of traditional banking institutions into the cryptocurrency market demonstrates the growing mainstream adoption and recognition of digital assets.

More recently, it was revealed that Morgan Stanley is considering adding spot Bitcoin ETFs to its brokerage platform and is currently in the process of conducting due diligence.

Several platforms, including Fidelity, Charles Schwab, and Robinhood Markets, began offering spot bitcoin ETFs to clients shortly after they launched.

Fidelity also offers its own spot bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC).

Furthermore, UBS Group AG is offering some SEC-approved spot Bitcoin ETFs to specific wealth management clients with brokerage accounts on an unsolicited basis.

Spot Bitcoin ETFs See Increased Trading Volume

Spot Bitcoin ETFs continue to attract investments from institutional investors.

The US spot Bitcoin ETFs have seen $7.7 billion in daily trading volume, an all-time high.

The spotlight on BlackRock’s iShares Bitcoin Trust (IBIT) is particularly noteworthy, as it outperformed nine other Bitcoin ETFs and ETFs of other asset classes.

BlackRock’s IBIT has doubled its personal record on the third consecutive day with $3.3 billion in trading volume.

Fidelity’s spot Bitcoin ETF also doubled its previous record with $1.4 billion trading volume on the same day, Bloomberg analyst James Seyffart posted on X.

“$IBIT took in a record $612 million on its own. On a net basis, the group took in $673 million. This beats the day 1 record of $655 million. (still waiting on $BTCO)” added Seyffart.

The post Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?
All news

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
0

A bullish XRP price prediction is gaining traction again as Ripple’s long-term position looks increasingly strong – despite SWIFT’s recent...

Read moreDetails
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
Load More
Next Post
Dogecoin Price Prediction as DOGE Sees $5 Billion Flood In – $10 DOGE Possible in 2024?

Dogecoin Price Prediction as DOGE Sees $5 Billion Flood In – $10 DOGE Possible in 2024?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Daily gas spent on EVM inscriptions surges to record high of $8M

Daily gas spent on EVM inscriptions surges to record high of $8M

2 years ago
Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

2 years ago
Might Ethereum Worth Be Getting Prepared for ATH?

Might Ethereum Worth Be Getting Prepared for ATH?

9 months ago
Billions in Crypto Now Accessible to Cronos by way of LayerZero Bridge

Billions in Crypto Now Accessible to Cronos by way of LayerZero Bridge

8 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Trending

Will a Europe-US BTC reserve race actually happen?
Analysis

Will a Europe-US BTC reserve race actually happen?

03.10.2025
0

Swedish opposition MPs from the Sweden Democrats filed a parliamentary motion on Oct. 2, urging the government...

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz