The Giant Crocodile Has Arrived! Goldman Sachs Bets $721 Million on Ethereum Spot ETF, Sparking a Crypto Storm on Wall Street

BlockBeats' latest news ignites the crypto circle! The 13F filing disclosed on August 28th is like a deep-water bomb — financial giant Goldman Sachs has quietly held $721 million in Ethereum spot ETF, firmly sitting as the top institutional holder! It’s worth noting that this substantial amount of money could reshape the market landscape, sending a strong signal of the deep integration of crypto assets and traditional finance. Following closely, Jane Street made a bold move with $190 million, and Millennium splashed $186 million, as a host of Wall Street players entered the fray, turning the Ethereum spot ETF into a new battleground for capital competition. Is this the prelude to a bull market, or a secret layout by the giants?

Ethereum Becomes the 'New Darling of Wall Street'? VanEck CEO Claims Industry Transformation is Here

VanEck CEO Jan F. van Eck has thrown out a heavyweight viewpoint, stating that Ethereum can be considered **'the Wall Street Token'**! In his view, the rise of stablecoins is forcing traditional financial institutions like banks to change — if they do not actively embrace stablecoins, customer loss will become inevitable. This is undoubtedly a fierce impact on the traditional financial order! Even more noteworthy, Jan F. van Eck revealed that Ethereum was neglected during its low point at the beginning of the year, but now has become highly sought after, and the value transformation behind it is thought-provoking. Meanwhile, the 'actively managed ETF' list hinted at by VanEck seems to foreshadow a new wave of turmoil in the crypto market.

The collision between traditional finance and the crypto world has begun, and what kind of butterfly effect will Goldman Sachs' big moves and VanEck's sharp comments bring to the crypto market? Is it an opportunity or a challenge? Are you ready to enter this game of capital and technology?

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