Goldman Sachs Increases Investments into Ethereum ETFs
Reading Time: < 1 minute
Goldman Sachs has dramatically expanded its involvement in the crypto market, increasing its Ethereum ETF holdings by 2,000% to a total of $476 million and boosting its Bitcoin ETF investments by 114% to $1.5 billion.
The investment bank’s significant purchases include shares in BlackRock’s iShares Ethereum Trust and Fidelity’s Bitcoin Fund.
This strategic move follows strong market performance in Bitcoin and Ethereum, which saw price increases of 41% and 26%, respectively, in the fourth quarter of 2024.
Despite having previously been skeptical of cryptocurrencies, Goldman Sachs is intensifying its investment in digital assets, reflecting growing institutional interest in the sector.
Follow and like us on
