🎯 Goldman Sachs is making a big move into Bitcoin ETFs, holding over $400 million! 🚀
🤑 Can you believe it? According to the recently filed 13F documents, Goldman Sachs actually holds over $400 million in Bitcoin ETFs, and they own 7 of the 11 Bitcoin ETFs in the United States!
🗣️ However, not long ago, Goldman Sachs said "We don't believe in cryptocurrencies". But now, their actions seem to be different from their previous words. Its largest holding is iShares Bitcoin Trust, which is worth up to $238.6 million, followed by Fidelity's Bitcoin ETF, which is worth $79.5 million. Invesco Galaxy's BTC ETF and Grayscale's GBTC are also on their holdings list.
🧐 But interestingly, Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs' wealth management department, said in an interview in April: "We don't think this is an investment asset class, and we don't believe in cryptocurrencies."
📈 However, in the financial circle, whether it is an investment bank or a large institution, sometimes what they say and what they do may be different. Why? The view is that they may not show their true cards until they have accumulated enough "chips".
🔎 Therefore, we ordinary investors have to open our eyes and cultivate our own ability to distinguish. Don't just listen to what they say, but also look at what they actually do. After all, in the financial market, the investment of real money is more real than any rhetoric.
💡 For example, Goldman Sachs bought the Bitcoin ETF. They said before that they didn't believe in cryptocurrencies. But now, their investment behavior shows a recognition of Bitcoin. The reason behind this is worth our careful consideration.
🤷♂️ Often, investment banks and institutions may say something that is inconsistent with their actual actions for various reasons, such as market strategy, customer relations, regulatory environment, etc. This requires us investors to analyze and judge for ourselves.
🌟 Remember, in the financial market, information is power. Learning to filter and interpret information will enable you to walk more steadily and see further on the road of investment.
💬 What do you think of Goldman Sachs's operation? Is it really not optimistic about Bitcoin, or is there another deeper meaning? Tell me your opinion in the comment section!
