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Goldman Sachs Embraces Bitcoin ETFs, Hedge Funds Bet Big on Crypto
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Goldman Sachs ventured into cryptocurrency ETFs, purchasing $418 million worth of bitcoin funds. Morgan Stanley, having entered the market earlier, has since reduced its crypto investments. JP Morgan has maintained a cautious approach with limited exposure.
Hedge funds such as Millennium Management and Capula Investment Management have made significant investments. Millennium holds over $1.1 billion in various Bitcoin ETFs, while Capula has disclosed over $464 million in spot bitcoin ETFs.
Cryptocurrency ETFs have attracted $17.5 billion in net inflows since January, bringing the total to $53.5 billion. Ether ETFs currently hold over $7.6 billion. Despite market volatility, the acceptance of crypto as an asset class continues to strengthen.
D1 Capital, a hedge fund, has expanded into bitcoin mining, recognizing the potential in AI-driven power demands.
13F reports: SEC filings revealing institutional investment holdings and transactions. ETFs: Exchange-Traded Funds, securities tracking an index or a basket of assets, traded like stocks. Spot ETFs: ETFs directly holding the underlying asset, like bitcoin or ether, allowing direct investment.
| Scores | Value | Explanation |
|---|---|---|
| Objectivity | 6 | Comprehensive reporting with in-depth analysis. |
| Social Impact | 4 | Strong social discussion, influencing some public opinion. |
| Credibility | 5 | Solid evidence from authoritative sources. |
| Potential | 5 | Very high potential to trigger larger events. |
| Practicality | 4 | Highly practical, directly applicable. |
| Entertainment Value | 3 | Some entertainment value, attracts a portion of the audience. |