Bitcoin: JPMorgan’s and Goldman Sachs’ Profit Power
Investor Tom Lee predicts $BTC could become the most profitable product for @GoldmanSachs and @JPMorgan as the US considers making Bitcoin a reserve asset. #Update #Crypto $BTC (+6) ↗
Investor Tom Lee predicts $BTC could become the most profitable product for @GoldmanSachs and @JPMorgan as the US considers making Bitcoin a reserve asset. #Update #Crypto $BTC (+6) ↗
@GoldmanSachs expanded its Bitcoin ETF holdings, increasing its stake in Ishares Bitcoin Trust ETF by 88% to $1.27B and boosting Fidelity Wise Origin Fund investment by 105% to $288M. #Breaking #ETF $BTC (+9) ↗ (Source: News.Bitcoin)
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) ↗
@GoldmanSachs has increased its spot Bitcoin ETF investments to $1.5 billion, focusing on iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund as SEC approves trading options. #Breaking #ETF (+9) ↗ (Source: Hodl.Press)
Goldman Sachs CEO David Solomon describes Bitcoin as an intriguing speculative asset, emphasizing it poses no threat to the U.S. dollar’s stability, while regulatory constraints prevent @GoldmanSachs from directly owning Bitcoin despite investing in ETFs. #Update #Crypto $BTC (+2) →