SEC-Filings said: Goldman Sachs is investing heavily in Bitcoin ETFs – other investment banks are stopping themselves

• SEC-Einreichungen decken Kryptoinvestitionen greater US-Banken auf
• Goldman Sachs Hacked $400 Million Worth of Bitcoin ETFs
• Morgan Stanley sees itself back, JPMorgan with limited involvement

There could be strong ETF activity on the cryptocurrency market, which would be used in Bitcoin ETFs by the US stock exchanges of the SEC in January, while the Bitcoin ETFs are being expanded. So if you believe that the crypto values ​​​​in the month of March are at a new all-time high, against 73,750.07 US dollars. Until then, it went back to around 60,782 US dollars, but in view of the year, there is still an increase of almost 45 percent on the exchange table (As of: 22. August 2024).

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“The Kryptomarkte is strong, we’re going to have the Stimmungswandel. Krypto is an anlageklasse. That’s a year later, that’s still going to be the case. For a year, the war isn’t like that. You’re going to take risks to get into the anlageklasse, and that risk is reduced,” said CNBC’s Mike Novogratz, chief executive of Galaxy Digital.

Goldman Sachs Deploys Bitcoin ETFs

In Mid August, there were institutional investors who sold the 100 million dollar mark overrun, while their investments were being supervised by the US stock exchange SEC – so also crypto investments. As Rahmen the things it focuses on is that Goldman Sachs has been investing in cryptocurrencies for a large number of years. The American investment bank has eleven Bitcoin Spot ETFs at its disposal, which are a US stock exchange listed. In the summer of 2024, Goldman Sachs Bitcoin Fund was in a value of 418 million US dollars for its money, which had regained the profit. The largest position after BlackRock’s iShares Bitcoin Trust with a value of 238 million dollars. Danach follows Anteile on Fidelty’s Bitcoin ETF (FBTC) at $79.5 million, Invesco Galaxy’s BTC ETF (BTCO) at $56.1 million and Grayscale’s GBTC at $35.1 million. Then the US-Großbank has become smaller and ben Bitwise Bitcoin ETF (BITB), WisdomTree Bitcoin Fund (BTCW) and ARK 21Shares Bitcoin ETF (ARKB).

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, attended the Consensus 2024 Festival in Austin and the adoption of Bitcoin ETFs in the US represented a “major psychological turning point” in the industry. The Bitcoin ETF is an “offensichtlich einvalunlicher Erfolg” wish, which ReadWrite sees.

Other investment banks also offer crypto ETFs

Where Goldman Sachs is also guilty of Bitcoin ETFs, it is true that the competition would do this differently. Morgan Stanley is one of the first major players on Wall Street, which exercises its financial activities, can see that Bitcoin ETFs are offered. I have made a quarter turn that has helped the bank to lower the best offers. With the 13F formula, Morgan Stanley’s position in spot Bitcoin ETFs has been cashed in at almost 270 million and 189 million US dollars. Because quickly all previous versions of Grayscale Bitcoin Trust have been closed with the portfolio, a German higher view is available as comparable ETFs. In the meantime, JPMorgan reported only light positions in cryptos.

Because the SEC had a large influence on Spot Ether ETFs, these best news items were placed first in the messages written in quarters.

Editorial staff finanzen.net

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