The eighth largest bank in the US, PNC, disclosed that its investment in Bitwise Bitcoin ETF has increased to about 67 million dollars

According to CoinGape, the Bitcoin spot ETF market has just welcomed the participation of PNC, the eighth largest bank in the United States, which announced that it holds a Bitcoin exposure. According to its 13F file submitted to the U.S. Securities and Exchange Commission (SEC), PNC Bank, with assets under management reaching $325 billion, stated that its Bitcoin exposure is worth $67 million.

As revealed by former Sequoia Capital analyst Julian Fahrer, PNC Bank has increased its investment in Bitcoin ETFs over the past year. This financial giant has increased its holdings from $10 million to $67 million. According to the 13F file, PNC Bank invested funds into Bitwise's Bitcoin ETF (BITB).