Ethereum Exchange-Traded Funds (ETFs) are experiencing significant inflows, with Goldman Sachs leading the charge by increasing its spot Ether ETF holdings by a staggering 2,000% in the fourth quarter of 2024. This surge suggests a growing preference for Ethereum-based investment products over Bitcoin, and Goldman Sachs' aggressive expansion into crypto ETFs positions it as a key player in the evolving market.
The crypto Exchange-Traded Fund market has experienced a remarkable surge since its launch, marking a significant milestone for both spotInvestment giant Goldman Sachs recently showed strong confidence in the sector by increasing its spot Ether ETF holdings by an astonishing 2,000% in the fourth quarter of 2024.They allocated nearly equal shares between BlackRock’s iShares Ethereum Trust and the Fidelity Ethereum Fund , along with an additional $6.
Additionally, Goldman Sachs’ latest filings reveal a deepening commitment to the crypto ETF market, with the firm now holding $3.6 million in Grayscale Bitcoin Trust while increasing its exposure to Bitcoin and Ether ETFs. The surge in holdings aligns with BTC and ETH price gains of 41% and 26.3%, respectively, during Q4, as per
That being said, Gold exited its positions in ETFs from Bitwise, WisdomTree, Invesco-Galaxy, and ARK-21Shares, signaling a strategic shift in its portfolio. This expansion builds on its initial foray into spot crypto ETFs in Q2 2024, when it acquired $418 million worth of Bitcoin ETFs.Therefore, with its aggressive expansion into Bitcoin and Ether ETFs and a growing portfolio of crypto investments, the banking giant is positioning itself as a key player in the evolving market.Ishika is a graduate of Political Science from the University of Delhi.
CRYPTOCURRENCY ETHEREUM GOLDMAN SACHS Etfs INVESTMENTS
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