Goldman Sachs Reveals Increased Holdings In Spot Bitcoin ETFs — Here’s How Much

Quick Summary:

Major investment bank Goldman Sachs has disclosed its significant stake in spot Bitcoin ETFs (exchange-traded funds).

The finance behemoth, once a vocal Bitcoin critic, appears to be shifting its investment strategy towards crypto assets, specifically the world’s largest cryptocurrency by market capitalization.

It is also worth mentioning the bank’s $22 million and $3 million investments in Bitwise’s Bitcoin fund and  Ark/21Shares’ ETF, respectively.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: HungaryUnited States

Topics: Goldman sachs Bitcoin Crypto News Bitcoin ETFs BlackRock Spot Ethereum ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 20:30:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23620061

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

Coverage Areas: Hungary

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