Goldman Sachs News

This week’s business newsletter explores Goldman Sachs’ U-turn on digital assets after the investment bank purchased Bitcoin and Ether ETFs.

Goldman Sachs increased its spot Ether ETF position by over 2,000% to $476 million in Q4 2024, while its Bitcoin ETF stashed more than doubled to $1.5 billion.

Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.”

The investment bank is speaking to potential partners to add to the platform's capabilities and develop new offerings. 

Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.

The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.

Goldman Sach’s economists said the Federal Reserve could also cut rates in September, and analysts say this could be welcomed by Bitcoin traders.

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

The products could include an RWA marketplace and will focus on the United States and Europe.

Analysts were split over whether today’s AI investments would pay off in the next decade.

CertiK Ventures aims to drive on-chain innovation by supporting security-first projects, fostering key partnerships, and making strategic investments.

Institutional clients of Goldman Sachs’ Asia Pacific arm are showing renewed interest in Bitcoin, Ether, and other crypto assets.

Grayscale Investments is reportedly in talks with JPMorgan and Goldman Sachs about being authorized participants for its proposed spot Bitcoin ETF.

A spot Bitcoin ETF will bring fresh money to the market, but it will not change a fundamental reality: Bitcoin liquidity is declining.