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BNY Mellon: Choosing Gold Over Bitcoin-backed Stocks Led to Fund Underperformance

In its latest filing with the U.S. SEC, banking giant BNY Mellon has conceded that choosing stocks of gold mining companies against the companies invested in Bitcoin (BTC) has led to underperformance in its technology-focused funds. In its SEC filing submitted on Wednesday, April 28, the world’s largest custodian bank said that it missed out

In its latest filing with the U.S. SEC, banking giant BNY Mellon has conceded that choosing stocks of gold mining companies against the companies invested in Bitcoin (BTC) has led to underperformance in its technology-focused funds. In its SEC filing submitted on Wednesday, April 28, the world’s largest custodian bank said that it missed out