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news-imageNovember 15, 2024

Goldman Sachs Expands Bitcoin ETF Holdings To $710 Million

Goldman Sachs (NYSE:GS) has dramatically increased its exposure to Bitcoin (CRYPTO: BTC) ETFs, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), reflecting growing institutional interest in digital assets. What Happened: The Wall Street powerhouse disclosed $710 million invested across multiple Bitcoin exchange-traded funds (ETFs) for the quarter ending September 30.
Publisher: Benzinga
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
January 30, 2025

Bitcoin Surges Past $105K Despite Federal Reserve's Cautious Stance

Bitcoin (BTC), the world's largest cryptocurrency, has once again defied market expectations by surging past the $105,000 mark. Despite the Federal Reserve maintaining its hawkish stance on interest rates, the digital asset continues to show resilience, demonstrating its ability to decouple from traditional markets.

Positive
cover-imageBenzinga
January 30, 2025

Bitcoin To Hit Up To $130,000 In The Next Weeks: Standard Chartered

Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March. Kendrick's bullish outlook follows a recent market correction and is supported by various factors, including improved market positioning, positive regulatory developments and potential central bank adoption.

Negative
cover-imageThe Currency Analytics
January 30, 2025

El Salvador Modifies Bitcoin Law to Secure IMF Loan

In a move to meet the requirements of a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador has made significant changes to its Bitcoin law. The country, which made headlines in 2021 as the first to adopt Bitcoin as legal tender, has now shifted its stance on Bitcoin payments for businesses.

Positive
cover-imageCrypto Economy
January 30, 2025

Elon Musk's Bitcoin Bet Pays Off: Tesla's BTC Holdings Near $1B

TL;DR Tesla's Bitcoin Surge: Tesla's BTC holdings soared to nearly $1 billion in Q4 2024, with a $600M gain driven by a cryptocurrency rally and a new accounting rule. Accounting Rule Shift: A FASB update let Tesla mark Bitcoin to market value, boosting earnings by reflecting unrealized gains instead of only losses.

Positive
cover-imageCrypto Economy
January 30, 2025

Institutional Adoption Could Weaken Bitcoin's Famous Four-Year Cycle

TL;DR Halving Cycle Meets Institutional Demand: Bitcoin's four-year price cycle, driven by programmed supply cuts (halvings), faces disruption as institutional investors—via ETFs and corporate holdings. Regulatory Progress Eases Institutional Entry: Clearer crypto regulations, spurred by Trump's 2025 executive order, have legitimized Bitcoin for traditional finance.

Positive
cover-imageCointribune
January 30, 2025

Texas Wants to Write Bitcoin Reserves Into Law by 2025

The Lone Star State could become the first American state to officially establish a bitcoin reserve. Dan Patrick, the Lieutenant Governor of Texas, has included this project among the legislative priorities for 2025, marking a decisive milestone in the institutional adoption of cryptocurrencies in the United States.

Neutral
cover-imageThe Currency Analytics
January 30, 2025

U.S. Institutions Drive Bitcoin Rally, But Bears Could Be Lurking

Bitcoin (BTC) has maintained its position above the $100,000 mark despite a recent 2.36% drop over the past week, signaling the continued strength of institutional demand. While U.S. institutions have been major drivers of the rally, fueling the cryptocurrency's recent gains, there are signs that the market could face further turbulence.

Positive
cover-imageCointribune
January 30, 2025

Stocks Plunge, Bitcoin Soars: How Did the Fed's Decision Shake the Markets?

Every decision made by the American Federal Reserve shapes the global economy and influences the cost of credit, the direction of investments, and the stability of financial markets. At its first meeting of 2025, the Federal Open Market Committee (FOMC) chose to keep interest rates unchanged, despite Donald Trump's persistent calls for monetary easing.

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