Grayscale transforms to ETF, 100% carbon free Bitcoin miner in Ohio and multi-trillion asset manager invests in MicroStrategy
BNY Mellon to Assist Grayscale with Bitcoin ETF Plans
Grayscale Investments has selected the Bank of New York Mellon as its asset servicing provider for the Grayscale Bitcoin Trust. The move is part of the firm’s commitment to converting its Bitcoin trust into an exchange-traded fund.
Grayscale has moved one step closer to converting its Bitcoin Trust into America’s first Bitcoin ETF.
BNY Mellon has become actively involved in the cryptocurrency space in recent months. It began offering Bitcoin custody in February, claiming that crypto was “mainstream” at the time.
$2.2 trillion asset manager buys 12% stake in Michael Saylor’s MicroStrategy
A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official.
The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet.
Capital Group, through its private equity firm Capital International Investors, has purchased a 12.2% stake (953,242 shares) in MicroStrategy .
Source: Cryptopotato
Nuclear-powered Bitcoin mine in Ohio will become 100% carbon free
Independent power producer Energy Harbor has announced that it will provide clean nuclear energy to infrastructure-as-a-service firm Standard Power’s new bitcoin mining facility in Ohio through a five-year partnership. Energy Harbor plans to begin powering the mining farm in December 2021.
The collaboration will allow Standard Power, a hosting provider for bitcoin miners and other data processing companies, to turn an abandoned paper mill in Coshocton, Ohio, into a bitcoin mining facility. In addition, the company said it would be providing reliability and stability to the transmission grid by shutting down operations in periods of energy crisis.
Source: BitcoinMagazine.com
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