Goldman Sachs Invests Heavily in Bitcoin, Shiba Inu Price Set for Potential Surge

Goldman Sachs has dramatically increased its involvement in the cryptocurrency market, becoming the largest institutional holder of BlackRock’s Bitcoin ETF with a significant investment worth $1.4 billion. This move signifies their strong confidence in Bitcoin ETFs. The bank’s total crypto ETF holdings now reach $2.05 billion, with $1.3 billion invested in BlackRock’s Bitcoin ETF and $300 million in Fidelity’s. This reflects a significant 50% increase from the previous quarter. Meanwhile, the Shiba Inu (SHIB) cryptocurrency has seen increased attention due to a potential price movement around a critical price range. Data by IntoTheBlock shows nearly 516 trillion SHIB held by over 116,000 addresses are currently priced between $0.000016 and $0.000019. Despite recent gains, traders are closely watching the resistance levels around $0.000016 to $0.000019 before any significant price movement can occur. The overall cryptocurrency market remains bullish as witnessed by XRP’s 8.85% positive growth over the past 24 hours, currently trading at $2.56.