In a recent revelation, BNY Mellon, renowned as the world's largest custodian bank and a venerable institution in the U.S., has disclosed its investment in Bitcoin ETFs.

As per an SEC filing, the bank has ventured into BTC ETFs offered by BlackRock and Grayscale, signaling the escalating institutional appetite for cryptocurrencies.

The green light from the U.S. SEC for 11 spot Bitcoin ETFs earlier this year marked a pivotal moment for American crypto enthusiasts. This regulatory approval came in response to persistent demand from investors for such financial products.

The anticipation and eventual approval of ETFs triggered a market frenzy, propelling BTC to a historic peak of $73,737 in March. The clamor for Bitcoin (BTC) ETF exposure underscores a broader trend of institutional players increasingly embracing this nascent asset class.

In a further sign of global acceptance, Hong Kong's financial regulators have greenlit spot Bitcoin and Ethereum ETFs, slated to kick off trading on April 30. This approval underscores the integration of cryptocurrencies into traditional financial markets.

CoinCodex forecasts that Bitcoin could surge to a fresh high of $84,412 by May 25, possibly fueled by the debut of Hong Kong's BTC ETF. Additionally, if the U.S. were to follow suit and approve a spot Ethereum ETF, it could ignite another significant market rally, particularly benefiting Ethereum.

Presently trading at a significant discount from its record high in November 2021, Ethereum (ETH) stands poised to capitalize on further institutional adoption.