Grayscale.
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#goldmansachs increased its $ETH ETF holdings increased 2,000% in Q4 2024, bringing exposure from $22 million to $476 million across the #blackRock , #fidelity , and #grayscale. funds. It also expanded its ETF portfolio. $BTC ETF holdings increased 114% to $1.52 billion, with $1.28 billion in iShares Bitcoin Trust (IBIT) and $288 million in Fidelity Wise Origin Bitcoin Fund (FBTC).
This move coincides with 41% and 26.3% gains in Bitcoin and Ethereum prices, signaling growing institutional adoption. Goldman exited positions in Bitwise, WisdomTree and Invesco-Galaxy ETFs, thereby shifting its investment strategy.
Despite cryptocurrencies historically being dismissed as “not a suitable investment,” Goldman’s growing exposure to ETFs and reports of a potential cryptocurrency trading platform suggest a change of stance, reflecting Wall Street’s growing interest in digital assets.
This move coincides with 41% and 26.3% gains in Bitcoin and Ethereum prices, signaling growing institutional adoption. Goldman exited positions in Bitwise, WisdomTree and Invesco-Galaxy ETFs, thereby shifting its investment strategy.
Despite cryptocurrencies historically being dismissed as “not a suitable investment,” Goldman’s growing exposure to ETFs and reports of a potential cryptocurrency trading platform suggest a change of stance, reflecting Wall Street’s growing interest in digital assets.
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