Goldman Sachs Doubles Down on Crypto with Massive Bitcoin and Ethereum ETF Purchases

Goldman Sachs has significantly boosted its exposure to crypto with a 2,000% increase in its Ethereum ETF holdings, now valued at $476 million, and a 114% jump in Bitcoin ETFs, reaching $1.5 billion. The investment bank’s massive buys include shares in BlackRock’s iShares Ethereum Trust and Fidelity’s Bitcoin Fund. This move comes after strong market gains in both Bitcoin and Ethereum, which saw price increases of 41% and 26% respectively in Q4 2024. Despite past criticism of crypto, Goldman Sachs continues to double down on its crypto investments, signaling growing institutional interest in digital assets.