GOLDMAN SACHS’ NEAR-$2B CRYPTO ETF BET

GOLDMAN SACHS’ NEAR-22B CRYPTO ETF BET

(1/8)
Goldman Sachs just revealed a massive crypto ETF position—nearly 22B in Bitcoin and Ethereum funds, per an SEC filing. Let’s break down the details and see what it means for traditional finance! 🚀💸

(2/8) – HOLDINGS SNAPSHOT

• Bitcoin ETFs: 1.63B total
24,077,861 shares in BlackRock’s iShares Bitcoin Trust (IBIT) (~1.33B)
3,530,486 shares of Fidelity’s Wise Origin Bitcoin (FBTC) (~300M)
49,183 shares of Grayscale Bitcoin Trust (GBTC) (~3.7M)
• Ethereum ETFs: 196.3M total
7,024,747 shares in Fidelity’s Ethereum Fund (FETH) (~191.1M)
200,000 shares of Grayscale Ethereum Mini Trust (~5.1M)

(3/8) – ETFS: BRIDGING TRADFI & CRYPTO

• First approved in 2024, BTC & ETH ETFs let institutions gain crypto exposure without holding coins directly
• Perfect for “regulated” banks like Goldman, bridging Wall Street with digital assets 🏦

(4/8) – GOLDMAN’S STANCE ON DIRECT CRYPTO

• CEO David Solomon: “We’re a regulated bank, can’t own crypto as principal.” ⚖️
• They advise clients & dabble in ETFs, but can’t yet park BTC on their balance sheet due to regs
• Hints at how major banks remain cautious, even with big bets

(5/8) – WHY IT MATTERS*

• 22B in BTC & ETH ETFs = a serious vote of confidence in crypto’s future
• Encourages other institutional players to follow suit—if Goldman is in, who’s next? 🤔
• Demonstrates that “indirect” ownership is how TradFi is tiptoeing into crypto markets

(6/8) – REGULATORY OVERHANG*

• The bank can’t directly hold crypto due to existing rules, but invests heavily via approved ETFs
• Raises questions: will we see a day when Goldman (and others) hold actual BTC or ETH on their balance sheets? 🚪

(7/8) – Is 22B in BTC & ETH ETFs the start of a bigger Goldman crypto push?

1️⃣ Yes—They’ll expand once regs loosen 🚀
2️⃣ No—They’re staying in the safe zone 🤔
3️⃣ Unsure—Too many regulatory question marks ⚖️

Vote below! 🗳️👇