PANews reported on February 8 that according to CoinGape, the Bitcoin spot ETF market has just welcomed the entry of PNC, the eighth largest bank in the United States, which announced that it has Bitcoin exposure. According to its 13F filing submitted to the U.S. Securities and Exchange Commission (SEC), PNC Bank, which manages assets of $325 billion, said that its Bitcoin exposure is worth $67 million.

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