According to CoinMeta, Vaneck, the head of digital asset research, Matthew Sigel, stated that Citibank Wealth released a report recommending spot BTC and ETH ETF to clients, and plans to start holding Bitcoin for institutional clients through its Custody platform this year. Matthew Sigel statistics show that Citibank will become the sixth of 29 globally systemically important banks to have launched or announced institutional Bitcoin custody services, with the other five being BNY, Standard Chartered Bank, Societe Generale, Bank of America Merrill Lynch, and Deutsche Bank.