Grayscale Partners With BNY Mellon To Help ETF Efforts

Grayscale has announced a new agreement with BNY Mellon to be a servicing provider for the Grayscale Bitcoin Trust. BNY Mellon will provide the trust with fund accounting, administration services and also help in the trust’s eventual conversion to an ETF when regulations permit.

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Grayscale’s press release says the new agreement will offer Grayscaleimproved scalability, resiliency, and automation through BNY Mellon’s market-leading platform, including BNY’s proprietary ETF Center, which offers technology specifically designed to support digital asset ETFs.”

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