Bank of New York Mellon increased its Strive holding to 237,100 shares worth $6.97 million on September 30, after raising the number of shares held by 28%. Most of the increase in value was driven by the stock price, which rose from $10.91 on June 30 to $29.41 on September 30. The 13F filing covers positions across the group, so it does not establish that the bank made an exclusively proprietary investment or reveal subsequent trading. Strive held 43,153 bitcoin for the week through November 6, while Barclays and Citigroup also reported sizable third-quarter positions in bitcoin funds. Filings due from JPMorgan Chase, Wells Fargo, Millennium Management, and Schonfeld Strategic Advisors before November 16 will provide further evidence of large managers’ exposure to bitcoin-linked securities.
Source: Read the original article
