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  • Mustafa Mulla
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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Goldman Sachs Doubles Down on Crypto with Massive Bitcoin and Ethereum ETF Purchases

Goldman Sachs has significantly boosted its exposure to crypto with a 2,000% increase in its Ethereum ETF holdings, now valued at $476 million, and a 114% jump in Bitcoin ETFs, reaching $1.5 billion. The investment bankโ€™s massive buys include shares in BlackRockโ€™s iShares Ethereum Trust and Fidelityโ€™s Bitcoin Fund. This move comes after strong market gains in both Bitcoin and Ethereum, which saw price increases of 41% and 26% respectively in Q4 2024. Despite past criticism of crypto, Goldman Sachs continues to double down on its crypto investments, signaling growing institutional interest in digital assets.

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