Goldman Sachs gobbles up Bitcoin and Ethereum as crypto ETF holdings soar past $2 billion
One of the world’s largest investment banks continues to buy Crypto according to Bitcoin and Etherum, two large cryptographic cryptographs in the world.
The Financial Company amounted to the Bitcoin ETF shares of BlackRock and $ 300 million. In exchange, the investors have an asset effect without the need to buy their assets.
Goldman Sachs spent nearly $ 500 million in Etherse ETFS, equally divided Fly and loyalty. The company’s hidden ETF Holdings jumped from the previous quarter to 50% when his reserves were worth about $ 720 million according to Sec Filings.
It is unknown whether the investment bank Crypto Holdings is its investments or assets that keep on behalf of customers. Goldman Sachs spokesman did not immediately respond to the comment request.
“I would be surprised if this is Goldman itself, but it encourages Goldman’s customers to join the wider digital asset movement,” said Cristo and Cofounder. FortuneA number
Goldman Sachs’s growing crypto portfolio comes as institutional investors that show the appetite of digital assets after the boom of Crypto ETFs.
In January 2024, the United States saw the launch of Bitcoin ETFs or financial vehicles, which provide investors in real time in real time in the world’s largest cryptocurrency. Wall-large street companies soon fell into the class of prosperity assets.
Morgan StanleyTo be in style Wells Fargo:: Renaissance technologies, fence fund, everyone bought some of the newly launched financial products according to Sec Filings.
Even the Wisconsin Pension Fund joined At the beginning of 2024, he bought almost $ 100 million in Spot Bitcoin ETFS at the beginning of 2024.
In total, investors threw more than $ 40 billion in Bitcoin ETFs and $ 3.2 billion according to Spot ETFs by Spot ETFs Plaincryptic data platform.
Sydney Powell, Maple CEO and Cofounder that allow users to credit and borrow Crypto Fortune The latest revealing of that Goldman Sachs reveals his Bitcoin Holdings that investors become more saved in their cryptic investments.
In addition to its own property, the investment bank in Bitcoin ETFS also revealed that it belongs to almost $ 700 million in Spot Bitcoin ETF options.
Goldman Sachs has played more than $ 500 million that the price of Bitcoin will increase and rise by almost $ 160 million, which will fall on its price.
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