The post How BNY Mellon’s Bitcoin ETF Stake and Dividend Payout Reflect Changing Financial Landscape appeared first on Coinpedia Fintech News
BNY Mellon, America’s oldest bank, started supporting cryptocurrencies like Bitcoin and Ethereum via its custody services in 2022. It met the rising institutional demand for a financial setup that handles both traditional and digital assets. On April 25, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) said it will give out $0.035 per share of common stock as a monthly payout.
This payment is meant for investors who own the shares by May 9, 2024, and it’ll be sent on May 23, 2024. The fund plans to share most of its profits with shareholders every month. However, this could vary depending on how well its investments are doing and what the market is like. Following this declaration of monthly distribution, BNY Mellon made another major disclosure.
America’s Oldest Bank BNY Mellon’s Bit
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