Goldman Sachs, Bitcoin within the scope of 13F declarations published as of 31 December 2024 $96,171.6 He showed an increase in his share of transaction funds. In the document published, the transactions carried out by the bank asset management branch on behalf of its customers come to the fore.
Goldman Sachs’s increasing positions
In the statement, Fidelity Bitcoin ETF reported that $ 288 million, and Blackrock has a position worth $ 1.3 billion in Bitcoin ETF. This is rather than giving the impression that the bank follows a risk purchase strategy directly for the market, but within the framework of the service for customers.
Strategy and Risk Management
The statement also included the presence of idol options positions with a nominal value of more than $ 600 million. PUT option is used to protect against price decreases by giving the right to sell at a certain price.
Senior crypto analyst James Van Straten, explaining this strategy, said the position in the background is not a net long position. The explanation states that a cautious process strategy is adopted.
“This aims to balance potential returns and risks as a reflection of the cash and transportation trade strategy implemented by many banks and investment funds.” – James van Straten
It is also foreseen that such transactions can be monitored in a similar way by other major asset management organizations in the market. Organizations such as JPMorgan and Morgan Stanley are expected to make similar statements.
In the light of the specified data, the strategy of Goldman Sachs includes more steps to protect. The company’s basic strategy can be considered as a balanced approach to Bitcoin price fluctuations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
