According to the latest 13F filing, Goldman Sachs' holdings in#BTCspot ETF rose to $710 million in the third quarter of 2024, up 71% from the second quarter. The newly added main force is in BlackRock's $IBIT, and it is currently the second largest investor in IBIT.
Today I chatted with a friend in the traditional industry. She is already the largest broker of an insurance company in Singapore. Today, she also talked about whether to invest in BTC. She felt that BTC at $93,000 was too expensive and she was not willing to buy it. What I told her was not to buy BTC. The more expensive it is, the less willing you are to buy it. You can buy spot ETFs such as IBIT and buy 5% to 10% of your income every month. It will not affect your life and you can also consider it as investing in BTC.
Moreover, instead of focusing on the price for a few days, the best way is to wait until this cycle is over to see whether these institutions are continuing to increase their holdings. If so, continue to hold them. Although Goldman Sachs may not hold the funds itself, it may be holding them on behalf of others. However, this also shows that there are a large number of high-net-worth users who are willing to be optimistic about the future of BTC.
So I thought about it and prepared to set up a second fixed investment fund. The first one is to make a fixed investment of 3,000CNY per month for Chipmunk. While retaining this fixed investment, I will start to invest in IBIT every month. This is not a social experiment. What I want to do is BTCfi after SAB121 is passed.
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