Summary
- It was reported that global banks' cryptocurrency holdings have been declining since the launch of cryptocurrency exchange-traded funds (ETFs).
- In the second quarter of 2024, 29 global banks were found to be holding $368.3 billion worth of cryptocurrencies.
- BCBS stated that since December 2022, it has recommended that banks' spot cryptocurrency holdings should not exceed 2%.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 26th (local time), the launch of cryptocurrency exchange-traded funds (ETFs) has led to a trend of declining cryptocurrency holdings among global banks.
In the second quarter of 2024, it was reported that 29 global banks held $368.3 billion worth of cryptocurrencies. Currently, the proportion of spot cryptocurrencies in bank-held assets is less than 3%.
This is a significant decrease compared to a few years ago. BCBS recommended in December 2022 that the proportion of spot cryptocurrency holdings by banks should not exceed 2%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
