Citigroup Ventures into Crypto Custody as Bitcoin ETFs Approach 158 Billion
Citigroup is gearing up to explore cryptocurrency custody solutions, a significant step reflecting the growing demand for digital asset management. This move coincides with the booming market for Bitcoin ETFs, which have reached an impressive 158 billion. Other major banks are also entering this space, recognizing the immense potential for stability and growth within the regulated cryptocurrency market. Citigroup’s decision to expand into cryptocurrency custody services signals a broader acceptance of digital currencies among mainstream financial institutions, setting the stage for increased retail and institutional participation in the crypto arena.