Hut 8, one of the leaders in Bitcoin mining in the United States, has reported significant interest from major banks. These financial institutions are looking to purchase bitcoin directly from miners. This is a direct consequence of the growing interest in Bitcoin spot Exchange-Traded Funds (ETFs), which have amassed an investment inflow exceeding $12 billion since their inauguration on January 11. Record Investment Inflows The launch of Bitcoin spot ETFs on Wall Street has attracted over $12 billion in investments in less than three months. This massive influx has translated into more than 211,000 bitcoins being converted into shares. Such

Deutsche Bank, a financial giant with assets totaling $1.3 trillion, has made a significant announcement regarding its entry into the world of cryptocurrency asset custody services for institutional clients. Teaming up with Swiss crypto firm Taurus, this partnership marks a pivotal moment not only for Deutsche Bank but also for the broader financial industry.

While the cryptocurrency markets continue to recover from the bear market turbulence of the past year, including the collapse of major crypto exchanges and substantial investor losses, Deutsche Bank’s decision introduces a new layer of legitimacy to the growing trend of institutional adoption. This move has reignited global debates among policymakers about the urgent need for regulatory frameworks to govern cryptocurrencies and blockchain technology.