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Bitcoin ETF: 8th Largest U.S Bank PNC Declares $67 Mln Exposure

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Summary
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74% Informative

PNC, the 8th largest US bank in the United States , declared exposure to Bitcoin Exchange-Traded Fund (ETF) market.

The bank has bought $67 million in Bitwise Bitcoin ETF ( BITB ) BlackRock upped its stake in IBIT amid growing adoption.

BlackRock has moved to demand in-kind redemption for IBIT , a request lodged with the SEC earlier this month .

VR Score

63

Informative language

55

Neutral language

48

Article tone

formal

Language

English

Language complexity

42

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short-lived

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