Goldman Sax

One of the largest investment banks in the world continues to buy encryption, according to Bitcoin and Ethereum, the largest of the world’s encrypted currencies.

The financial company retained about $ 1.3 billion of Bitcoin ETF shares in Blackrock and $ 300 million of Fidelity. The exchange funds allow investors to be exposed to an asset without the need to buy the original themselves.

Goldman Sachs also occupied approximately $ 500 million in Ethereum ETFS, divided evenly between Blackrock And sincerity. The company’s Crypto Etf Holdings jumped 50 % of the previous quarter, when its holders reached about 720 million dollars, according to SEC.

It is unclear whether the investment bank CRYPTO is its investments or assets it maintains on behalf of customers. A spokesman for Goldman Sachs immediately did not respond to the comment.

“I will be surprised if this Goldman himself expresses a point of view, but it is encouraging to see Goldman’s clients join the movement of the broader digital assets.” luck.

The growing Crypto wallet of Goldman Sachs comes as institutional investors show an increasing appetite for digital assets after a boom in the investment funds circulating in encryption.

In January 2024, the United States witnessed the launch of the first investment funds traded in Bitcoin, or the financial vehicles that give investors in actual time in the world’s largest encrypted currency. The Wall Street companies soon fell in the booming assets category.

Morgan Stanleyand Wales VargoAnd Renaissance Technologies, the hedge box, all bought parts of the newly launched financial products, according to SEC.

Even the retirement fund in Wisconsin join In buying nearly $ 100 million at Spot Bitcoin EtFs at the beginning of 2024.

In total, investors threw more than $ 40 billion in investment funds traded in Bitcoin in the United States and $ 3.2 billion in instant ether funds, according to SocalThe encryption data platform.

Sydney Powell, CEO and founder of MAPLE, who allows users to lend and met Crypto, luck The latest disclosure of Goldman Sachs indicates about Bitcoin’s possessions that deep investors have become more intelligent in their encryption investments.

In addition to its ownership shares in Spot Bitcoin Etfs, the Investment Bank also revealed that it owns nearly $ 700 million in instant Bitco ETF options.

Goldman Sachs is betting on more than $ 500 million that bitcoin will increase and hedge with a bet of approximately $ 160 million, since its price will decrease.

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