Less than half bitcoin is a pretty bad allocation

Undisciplined

Grateful

Wall Street’s Goldman Sachs has revealed an expansion of its crypto holdings, reporting roughly $2.36 billion in total crypto exposure — including $1.1 billion in Bitcoin ETFs, according to financial holding disclosures.

Bitcoin’s portion of the haul — the largest of any digital asset listed — highlights just how far the venerable investment bank has shifted from earlier skepticism toward meaningful exposure in the world’s largest cryptocurrency by market cap.

The $1.1 billion position was in IBIT, BlackRock’s iShares Bitcoin Trust ETF.

news

econ

https://bitcoinmagazine.com/news/goldman-sachs-position-in-bitcoin

>Wall Street’s Goldman Sachs has revealed an expansion of its crypto holdings, reporting roughly $2.36 billion in total crypto exposure — including $1.1 billion in Bitcoin ETFs, according to financial holding disclosures.

>Bitcoin’s portion of the haul — the largest of any digital asset listed — highlights just how far the venerable investment bank has shifted from earlier skepticism toward meaningful exposure in the world’s largest cryptocurrency by market cap. 

>The $1.1 billion position was in IBIT, BlackRock’s iShares Bitcoin Trust ETF.