Goldman Sachs Holds $1.8B in Crypto ETFs
DailyHodl: @GoldmanSachs holds $1.83B in $BTC and $ETH ETFs, including 24M IBIT shares worth over $1.33B and 7M FETH shares valued at $191M (SEC filing) #Breaking #Crypto (+9) ↗
DailyHodl: @GoldmanSachs holds $1.83B in $BTC and $ETH ETFs, including 24M IBIT shares worth over $1.33B and 7M FETH shares valued at $191M (SEC filing) #Breaking #Crypto (+9) ↗
DailyHodl: The Federal Deposit Insurance Corporation (FDIC) unveils 175 documents showing resistance to US banks’ crypto services, confirming regulatory hurdles faced by institutions. #Update #Legal #Crypto (-6) ↘
President Trump has officially rescinded Staff Accounting Bulletin 121, allowing U.S. banks to custody crypto assets like $BTC, a move that could significantly impact the banking sector’s involvement in cryptocurrency. #Breaking #Crypto $BTC (+8) ↗
Morgan Stanley CEO Ted Pick announces collaboration with US regulators to explore crypto offerings, as the firm seeks safe entry into digital assets. Under current rules, banks can’t own Bitcoin physically but can engage in derivatives. #Update #Crypto (+4) ↗
@jpmorgan predicts the US dollar’s strength may persist as the US economy is set to grow by 2.7% in 2024, outpacing other developed markets, potentially impacting Fed rate cuts. #Update #Economy @jpmorgan (+3) →