Banks' Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs [Yahoo! Finance]

Signature Bank (SBNY)
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Source: Yahoo! Finance
crypto assets now make up less than 3% of banks' holdings — down significantly from a few years ago, data by standard setter Basel Committee on Banking Supervision (BCBS) showed on Wednesday BCBS, which focuses on setting measures to ensure the stability of banks, gathered voluntary and confidential submissions from 176 banks — of which 115 are internationally active — in June 2024. The data showed that just 29 banks contributed to the 341.5 billion euro figure, and the vast majority hold exchange-traded products tracking crypto over cryptocurrencies. Global watchdogs have been keeping a close eye on how interlinked the financial sector is with crypto following the collapse of crypto-friendly banks like Signature Bank and Silicon Valley Ba
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News
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- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
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