BBVA - Bitcoin roundup: BBVA reportedly launching crypto service Wells Fargo digs in is GBTC too pricey?

Spain's 2nd-largest lender, [[BBVA]] is set to launch a crypto trading and custody service out of Switzerland by early next year, according to CoinDesk. BBVA was an early fan of the Blockchain, but previous to now had erred on the cautious side when it came to holding cryptocurrency. For now, there remain a number of regulatory/legal hurdles to get through before these new services come to pass."Fads don't typically last 12 years," says the team at Wells Fargo, noting cryptocurrencies now have a market cap of $560M (more than half of that being Bitcoin). Far from joining the hodler crowd though, Wells says crypto investing today is like the gold rush of the 1850s - "more speculating than investing."Bitcoin (BTC-USD) is down a bit today, but the Grayscale Bitcoin Trust ([[GBTC]] -5.9%) is down even further. The bull market in Bitcoin this year has many wanting a taste, but buying

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Bitcoin roundup: BBVA reportedly launching crypto service, Wells Fargo digs in, is GBTC too pricey?