BNY Mellon Expands Crypto Services with New Custody Offering for Bitcoin and Ethereum ETFs

TL;DR Bank of New York Mellon (BNY) plans to offer custody services for cryptocurrencies, such as Bitcoin and Ethereum. Despite this opportunity, BNY notes that the SEC’s SAB 121 rule limits banks’ ability to provide these services, which poses an obstacle to their expansion. The crypto custody market is valued at approximately $300 million and ... source: https://crypto-economy.com/bny-mellon-expands-crypto-services-with-new-custody-offering-for-bitcoin-and-ethereum-etfs/