Surprisingly, Crypto ‘Non-Believer’ Goldman Sachs Holds $418M In Bitcoin Spot ETFs

Quick Summary:

A recent 13F filing at the US Securities and Exchange Commission (SEC) revealed that banking giant Goldman Sachs holds a massive $418M investment in Bitcoin spot exchange-traded funds (ETFs).

Per the bank’s quarterly (Q2) filing, Goldman Sachs currently has $418 million worth of BTC spot ETFs.This includes $238.

The Wall Street bank was initially skeptical about cryptocurrencies as its clients were not interested in this asset class.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Bitcoin Spot ETFs Exchange-Traded Funds News Surprisingly SECURITIES AND EXCHANGE COMMISSION Goldman Sachs $418M Crypto Latest News Non-Believer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 05:47:08 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22096002

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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