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Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

[Aug 3 8:50 PM] Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s…

US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000

[May 11 7:00 PM] JP Morgan and Wells Fargo, two of the largest banks in the United States, have announced their investments into Spot Bitcoin ETFs, unveiling their exposure to BTC, the world’s largest cryptocurrency. This significant development comes amidst the…

Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares

[May 10 9:27 PM] Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of…

Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs

[May 10 11:09 AM] The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.

Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing

[May 10 10:05 AM] In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs). JUST IN: Wells Fargo bank reveals it has spotâ

Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

[Apr 11 9:23 PM] According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for…

Bank of America, Wells Fargo to Offer Spot Bitcoin ETFs to Clients: Bloomberg

[Feb 29 1:19 PM] Two Wall Street wealth management giants, Bank of America’s Merrill Lynch and Wells Fargo, are adding spot bitcoin exchange-traded funds to their brokerage platforms, Bloomberg reported, citing people familiar with the matter.

Wells Fargo and Bank of America’s Merrill Are Now Offering Spot Bitcoin ETFs To Clients

[Feb 29 12:34 PM] Bank of America Corp.’s Merrill Lynch and Wells Fargo & Co.’s brokerage unit have begun offering access to exchange-traded funds (ETFs) that directly invest in Bitcoin, according to Bloomberg Law.JUST IN: Wells Fargo and Bank of America’s Merrill…

‘I’m a big fan’: Cantor Fitzgerald CEO praises Tether and Bitcoin

[Dec 12, 2023 11:27 PM] Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021.

XRP To Skyrocket To $500 Within 7 Months, Predicts Wells Fargo Treasury Manager

[Jul 31, 2023 2:00 AM] In a recent statement, Wells Fargo’s Treasury Management officer Shannon Thorp provided an eye-catching price prediction for XRP. The forward-thinking executive anticipates a potential surge in XRP’s value to anywhere between $100 and…

New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test

[Jul 7, 2023 11:30 PM] The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank…

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

[Apr 10, 2023 8:00 AM] After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central…

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

[Mar 18, 2023 2:05 AM] Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles

[Mar 10, 2023 1:30 PM] Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity…

Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023

[Dec 30, 2022 8:30 AM] According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in…

Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse

[Dec 22, 2022 5:19 AM] One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

[Nov 19, 2022 4:30 PM] Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and…