Goldman Sachs Enters Bitcoin Market with $1.65 Billion ETF Investment

Goldman Sachs has made a significant move into the world of crypto, committing $1.65 billion to Bitcoin through exchange-traded funds (ETFs). This is one of the largest financial institutions’ investments in Bitcoin ETFs, underscoring strong confidence in the long-term potential of the cryptocurrency. The disclosure was made public as part of regulatory filings and highlighted by financial analyst @MacroScope17. This investment positions Goldman Sachs among the leading institutional holders of Bitcoin ETFs, alongside firms like BlackRock and Fidelity.