PNC, the eighth largest bank in the United States, strengthened its interest in crypto beings by increasing its exposure to Bitcoin ETFs. According to the 13F report submitted to the US Securities and Stock Exchange Commission (SEC), the bank, which has a 325 billion dollars of assets (AUM), made an investment of $ 67 million in BTC ETFs.
Bitcoin ETF investments are increasing among banks
According to former Sequoia Capital Analyst Julian Fahrer, PNC increased Bitcoin ETF investments from $ 10 million to $ 67 million in a year. It is seen that the bank directs these investments to Bitwise Bitcoin ETF (BITB) fund. In addition to the PNC, the American leading banks also increase their interest in BTC ETFs. Our previous news revealed that giant banks such as Wells Fargo, Morgan Stanley and BNP Paribas have made serious investments in these products.
On the other hand, Blackrock increased its share in the Bitcoin ETF (IBIT) fund. According to Fahrer’s data, Blackrock’s IBIT allocation was at the level of $ 92 million in November 2024, while today it rose to $ 140 million. Analysts believe that major corporate investors make strategic moves on Bitcoin ETFs. While IBIT leaves its first year in the market with its large turning points, investors gain more confidence that this product matures.
There is a direct BTC payment request
According to Farside Investors data, Bitcoin ETFs have been released a total of 40.5 billion dollars of entry. While the demand for faster funds, such as Gold ETFs, has increased, companies took action for significant regulatory changes. Blackrock applied to the SEC, a model for IBIT, a model of “In-Hind Redemption olan, a model that contains BTC payment directly .. In the current model, investors receive ETF revenues in the US dollar. However, if the new suggestion is accepted, Bitcoin ETF investors will receive payment directly with BTC. Following Blackrock, large asset executives such as Fidelity Investments began to support this change.
While the demand for Bitcoin among the executives of assets is increasing, the concerns of famine are rising on the supply side. Bitcoin mining produces an average of 450 BTCs per day, while the demand of ETFs and corporate investors is far above this figure. Strategy, led by Michael Saylor, is one of the companies that adopt Bitcoin as a reserve asset. The company, which has re -branded Strategy from Microstrategy, has purchased 471.107 BTC so far and has more than 2.5 %of the total circulating Bitcoin supply.
