Goldman Sachs’ Investment in Bitcoin ETFs Grows! 🚀

Goldman Sachs has previously stated that it does not believe in crypto. However, according to its latest 13-F filing, the bank holds positions in 7 of the 11 Bitcoin ETFs in the US. Its largest investment is the iShares Bitcoin Trust (IBIT) at $238.6 million. Other notable investments include Fidelity’s Bitcoin ETF (FBTC) and Invesco Galaxy’s BTC ETF (BTCO).

- iShares Bitcoin Trust (IBIT): $238.6 million

- Fidelity Bitcoin ETF (FBTC): $79.5 million

- Invesco Galaxy BTC ETF (BTCO): $56.1 million

- Grayscale GBTC: $35.1 million

Goldman Sachs’ head of digital assets Mathew McDermott said that BTC ETFs are a major psychological turning point in the industry. 💡

How do you think this investment move will affect the crypto market? Share your thoughts in the comments! 👇