BNP Paribas, Europe's second-largest bank, has purchased BlackRock's Bitcoin spot ETF

BNP Paribas, Europe's second-largest bank, disclosed in a 13F filing on May 1 that it had purchased 1,030 shares of the BlackRock iShares Bitcoin Spot ETF (IBIT), equivalent to about $41,684. Although the investment is small, it serves as a springboard for the bank in its pursuit of Bitcoin adoption. It is reported that BNP Paribas has $600 billion in assets under management. (CoinGape)