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Reading: Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet
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EdaFace Newsfeed > Latest News > Crypto News > Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet
Crypto News

Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet

vitalclick
Last updated: November 15, 2024 10:47 am
4 months ago
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Goldman Sachs has reported a big increase in its Bitcoin ETF holdings, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). As of September 30, the bank held $710 million in Bitcoin ETFs. This includes a 156% increase in $BITB shares and a 116% rise in $GBTC shares since August. This growth shows that Goldman Sachs is becoming more involved in Bitcoin investments. The rise in Bitcoin ETF holdings reflects a larger trend of traditional financial institutions gaining more interest in cryptocurrencies.

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